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.

Seville – The Celtic Movement:

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

    BROGAN,ROGAN,TREVINO and HOGAN

     

     

    You are probably fed up hearing this,but you’re a masterly storyteller.

     

     

    That was superb.

     

     

    Btw,I remember seeing the Frejus gig on telly 30 ish years ago. The clip you provided is titled The High Road.

     

     

    They used the same The High Road title for a live album,recorded at The Apollo.

     

     

    Neil Young’s Hurricane was on it. Smashing.

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

    EDDIEGREENHILLSBHOY

     

     

    Good news that you have yer better half back to spoil dreadfully.

  3. BobbyM-Teuchter ár lá

     

     

    Cheers, Mrs TET has been going on about one for ages, she was well impressed when she saw a Top Gear prog, when they tried to kill one, and couldn’t, they set fire to it, drowned it in the sea, battered it with a wrecking ball, and still it wouldn’t die, she had a shot of a neighbours new one, and now want’s one.

     

     

    It’s a battle of wills, I would rather have the Isuzu D Max, and being a gambling man, I reckon I know who will win, and it won’t be me >}

     

     

    .HH

  4. WeefratheTim on

    HT

     

     

    Well she turns up for new born lambs. That says it all. Hahaha. See you both tomorrow. :-)))

     

     

    Weefra HH supporting and praying for Wee Oscar.

  5. Huns are having a(n)’European Night’ at the Louden on 24th May….night of Champions League Final…..to coincide with them winning European trophy.

     

     

    Bud the Junkie Johnston , Alex McDonald and Colin ‘Where’s my Credit Card’ Stein in attendance…

     

     

    What the fook?

     

     

    Glad I don’t live within 300 miles of this ….

  6. WeefratheTim on

    Ok guys, at last getting to bed at a reasonable time. I will wish you all a very Night Night Timland. KTF.

     

     

    Weefra HH supporting and praying for Wee Oscar.

  7. When did Huns ever win the big European trophy?

     

     

    Deluded….,

     

     

    Are they all on drugs funded by English taxpayers?

     

     

    Whitburn or Larkhall certainly don’t pay for them.

  8. eddiegreenhillsbhoy on

    How many celtic playes surnames ended in the letter I?I can get 3 friend says 5, I think he’s wrong.ktf.

  9. WilliamKentigern67 on

    ryecatcher

     

     

    Played against Friar at school level. We were winning 1-0 in a Scottish cup tie with 10 minutes to go and lost 4-1. Friar scored every one of them.

     

     

    WK67

  10. eddieinkirkmicael

     

     

    Congratulations on your win.

     

     

    Your life will never be the same.

     

     

    Sponsorship, endorsements, appearance money, cameo roles in 007 movies,

     

     

    Remember your roots!

     

     

    As in keep getting them touched up :o)

     

     

    HH

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

    Cha du Rei

     

     

    Wei

     

     

    Filippi

     

     

    Annoni

     

     

    Donati

     

     

    Donati

  12. BMCUW

     

     

    Yes, Council work in the South East (Labour controlled imho) was just like that. :o/

     

     

    Ryecatcher

     

     

    Unfortunately yes.

     

     

    olddayswerethebest csc

  13. WeefratheTim on

    Boaby

     

     

    Malloni. :-))

     

     

    Weefra HH supporting and praying for Wee Oscar.

  14. So wanted my boys from Munich to retain the trophy but not to be………

     

     

    Never been so indifferent towards a European final as I have been since two cheating bassa Italian teams were in the final……and ….unfortunately I had to attend it with customers at ScumTrafford.

     

     

    SpanishandItaliancheatingbassasCSC

  15. Murdoch McGrain Larsson on

    Macari

     

    Ugolini

     

    Zurawski

     

    Jacki

     

    Filippi

     

     

    Yogi does not count

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

    Zheng Zhi

     

     

    El Khadouri

     

     

    Zurawski

     

     

    I googled the last three!

  17. eddiegreenhillsbhoy on

    Bmcwp

     

    Im so glad too.Get her back into normal mode (not).misses the drink, but Celtic days oot most ,meeting all and sundray doon the gallogateHail Hail KTF.UTLR

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

    EDDIEGREENHILLSBHOY

     

     

    What?

     

     

    She likes a drink,goes to the games,and loves The Gallowgate afterwards?

     

     

    Has she got a sister?

  19. Aff tae bed…..

     

     

    Look at the bigger picture Bhoys…..,

     

     

    Even Barca are dirty cheating blood dopers…..

     

     

    No love in from me for these cheating bassas….

     

     

    Most honest league in World Fitba is EPL

  20. WeefratheTim on

    Just before I retire, just had to post this…….

     

     

    @VidmarFF: Graham Wallace is taking £650,000 out of RFC? And supports Aberdeen? Is this some sort of heinous fucking nightmare? Spiv prick.

     

     

    Hahahahahaha

     

     

    Weefra HH supporting and praying for Wee Oscar.

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

    EDDIEGREENHILLSBHOY

     

     

    You’ve cracked it,mate. Well done!

     

     

    Hope she’s 100% ASAP. That grass disnae cut itself,haha….

  22. Tin hat on SNP Bhoys…..

     

     

    Come join us in England……

     

     

    Fully inclusive…..large country…..open to all

     

     

    Meritocracy compared to the country I struggled to make a living in because of my surname…..my daughter’s don’t believe this….I do….I was there!!

  23. eddiegreenhillsbhoy on

    That’s 8.bet him tomorrow I can name the 8.ps money to Marys meals.ktf.

  24. English golf and bowling clubs…..OPEN to ALL….

     

     

    Pay yer money……yer IN

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