Small investors in football clubs cannot overpay

1059

Really delighted at the flow of sentiment towards Billy McNeill and the launch of the new frontage of Celtic Park tomorrow.  The place is beginning to look like a 21st Century venue, now we need the shops, restaurants and bars to bring the match-day experience alive.

Were you one of the fans who put £620 (or more) into Celtic shares in 1994?  Around 10,000 did, raising an initial total of around £10m from small investors alone.  It wasn’t an investment, none of us wanted or expected the money back, it was our contribution to Celtic at a time of critical need.

Many small investor-Rangers fans did the same when Newco went to market in December 2012, although one high-profile investor, who coughed up £500k, has asked Dave King to buy him out.

The stark reality facing these shareholders is that if King’s path is followed to a logical conclusion the club will be run into the ground, destroying their investments along with everything else.  I have some sympathy for their position.

King is not interested in buying control of the club, even at the discounted price shares are now available at.  He emailed the £500k investor “Why should any new investor bail out existing investors because they made mistakes in overpaying for their shares. The club needs money not complaining shareholders”.

The price paid by small investors was perhaps the most irrelevant figure to them, they paid the gross figure they could afford, irrespective of price.  The value of the share was irrelevant so to accuse them of making a mistake by overpaying is like criticising the month of March for being too purple.

How the small shareholders feel about this behaviour will not determine what actions the Newco board takes, that will be come down to how easily manipulated people like the Easdales, Mike Ashley and Laxey Partners are.  My information is they are not easily manipulated in the slightest.

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  1. macanbheatha Oscar Abú on

    Saint Stivs

     

    23:13 on

     

    2 May, 2014

     

    Handsome hun finalist ?

     

     

     

    “Toora loora loora loo,

     

    They’re looking for monkeys up at the zoo

     

    And says I: “If I had a face like you,

     

    I’d join the British army”

     

     

    Dublinerscsc

  2. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    EDDIEINKIRKMICHAEL

     

     

    Save that comment for a week tomorrow….

  3. macanbheatha Oscar Abú on

    Malonebhoy

     

    Sorry for your troubles

     

    Lost my Da 30 yrs ago this month

  4. Malone bhoy

     

     

    Just reading back my sincere condolences to you and the rest of your family

  5. Not doing the quiz but that photo explanation is simple:

     

     

    Jabba has a family box at Sevco FC.

  6. eddiegreenhillsbhoy on

    Macanbheatha

     

    Racking my brains here, whats the song (wolfetonnes)mo charra.ktf.

  7. Teuchter

     

     

    No bad son , no Sevconian influence let me assure you!

     

     

    Hail Hail

  8. BIG-CUP-WINNERS on

    Eddie well done tonight………Champion.

     

     

    Your Star Wars speak in Q8 was really funny too.

     

     

    Eddie in Kirkmichael – 22 points

     

    BurghBhoy – 20 points

     

    Hamiltontim – 19 points

     

    BMCUW – 14 points

     

    JJJBT – 12 points

     

     

    Thanks for you answers, hope you enjoyed the quiz.

     

     

    A few other posters have been asking questions……..I’d be happy to incorporate any Celtic questions you have into a future quiz, if you wish ?

     

     

    Can be sent to: paul_mca@yahoo.co.uk

     

     

    Enjoy the game tomorrow.

  9. Hamiltontim is praying for Oscar on

    BREAKING NEWS

     

     

    Rangers depleted squad down to four!!

  10. Hail Hail Eddie, well done mate!

     

    And usual commendations to BCW.

     

    Love the quiz

  11. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    BIG-CUP-WINNERS

     

     

    Thanks for the time and effort you put into this,mate.

     

     

    Memo to self-prepare better in future. Plenty of beer for a start!

     

     

    EDDIEINKIRKMICHAEL-congrats,bud. Well done.

  12. eddieinkirkmichael on

    Oh my god Oh my god Oh my god, I won the feckin CQN quiz.

     

     

    I would just like to thank my wife for being there for me in the weeks when I finished ^th. I would also thank ………………………………………………………..

     

     

    and finally to all those Celtic players and staff who gave me the memories, I thank you all.

     

     

    BTW is there a cup?

  13. macanbheatha Oscar Abú on

    eddiegreenhillsbhoy

     

    here ya go

     

     

    The British Army Song

     

    When I was young I used to be

     

    As fine a man as ever you’d see

     

    Till the Prince of Wales he said to me:

     

    “Come and join the British army”

     

     

    Chorus

     

    Toora loora loora loo,

     

    They’re looking for monkeys up at the zoo

     

    And says I: “If I had a face like you,

     

    I’d join the British army”

     

     

    Oh Sarah Conlon baked a cake,

     

    ‘Twas all for poor oul Slattery’s sake

     

    She threw herself into the lake,

     

    Pretending she was barmy

     

     

    Chorus

     

     

    Corporal Daly went away,

     

    His wife got in the family way

     

    And the only thing that she could say,

     

    Was: “Blame the British army”

     

     

    Chorus

     

     

    Corporal Kelly’s a terrible drought,

     

    Just give him a couple of jars of stout

     

    And he’ll beat the enemy with his mouth

     

    And save the British army

     

     

    Chorus

     

     

    Kilted soldiers wear no drawers,

     

    Won’t you kindly lend them yours

     

    The (Am)rich must always help the poor

     

    To save the British army

     

     

    Chorus

     

     

    When I was young I used to be

     

    As fine a man as ever you’d see

     

    Till the Prince of Wales he said to me:

     

    “Come and join the British army”

     

     

    Toora loora loora loo,

     

    They’re looking for monkeys up at the zoo

     

    And says I: “If I had a face like you,

     

    I’d … the British army”

     

     

    Now don’t go singing that at CP

  14. eddieinkirkmichael on

    BIG-CUP-WINNERS I’ll phone you on monday with the questions for next weeks quiz ;)

  15. eddieinkirkmichael on

    Hamiltontim is praying for Oscar

     

     

    23:41 on

     

     

    Got it mate, cheers

  16. Hamiltontim is praying for Oscar on

    Anybody want to see a clip of a Liverpool supporter at a rebel night around 1992?!

  17. WeefratheTim on

    HT

     

     

    See you tomorrow, and, hopefully, the Minx. :-))

     

     

    Weefra HH supporting and praying for Wee Oscar.

  18. WeefratheTim on

    Jamesgang

     

     

    Enjoy the game kiddo. Looking forward to meeting at CP next season. :-))))

     

     

    Weefra HH supporting and praying for Wee Oscar.

  19. eddiegreenhillsbhoy on

    Macanbheath

     

    Cheers mo chara, tune going through my head but numb brain for the rest.TAL.ktf.

  20. Hamiltontim is praying for Oscar on

    WeeFra

     

     

    Yep I think her lady ship will be in attendance. It’s a big day in Paradise.

     

     

    She’d turn up for the opening of a door :-)

  21. eddieinkirkmichael on

    BIG-CUP-WINNERS

     

     

    23:47 on

     

     

    I know some peepul who died trying to win that mate :)

  22. Senna….best ever F1 driver ever ever ever

     

     

    Thank you BRTH….

     

     

    Wonderfully depicted

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