Small investors in football clubs cannot overpay

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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. Murdoch McGrain Larsson on

    Eddie,

     

    Rolando Ugolini. Goalkeeper. Played a few games in the 50’s. Played with Brian Clough at Middlesboro. Was a frequent answer in the crosswords of the Celtic View in the 60’s.

     

     

    I think that it was reported that he passed away recently.

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

    EDDIEGREENHILLSBHOY

     

     

    Ouch….

  3. eddiegreenhillsbhoy on

    Mm&l

     

    Sorry never jeard of him before.Every day is a school day

     

    Thank you for your correspondence

     

    Ktf.

  4. Hahahaha…..from HunMedia……hilarious….

     

     

     

     

    EXCLUSIVE: Old Firm clash could be staged in

     

    Dubai

     

    CELTIC and Rangers have been holding secret talks over the possibility of staging the next Old Firm game abroad.

     

    The Glasgow giants are considering taking the derby to somewhere such as Dubai in a bid to reduce the chance of crowd trouble after the

     

    unacceptable behaviour at last Monday night’s Glasgow Cup Final at Parkhead and incidents at the corresponding youth team fixture last season

     

    when it was staged at Partick Thistle’s Firhill.

     

    The most recent debacle saw more than 100 seats wrecked and smoke bombs, flares and bangers set off, with the result that it has already been

     

    decreed that the next Glasgow Cup Final between the teams will be held behind closed doors.

     

    But there will be huge logistical difficulties in moving a senior Old Firm clash – not least getting appropriate approval from the football authorities –

     

    even if it is an idea that is being seriously mooted at the highest level.

     

    Officials at Parkhead and Ibrox, aghast at the levels of violence at those youth games, are well aware

     

    the senior match is – and always has been – a powderkeg.

     

    Many so-called Gers fans still blame Celtic, at least in part, for their demotion to the lowest tier of senior

     

    Scottish football following the Ibrox club’s financial meltdown.

     

    The next Old Firm game in the top flight is still another year or so away, at least, with Rangers having

     

    to clamber through a very competitive Championship following successful Third Division and League One campaigns, but Scottish Cup or League

     

    Cup clashes before then remain a possibility.

     

    It has been suggested by officials that taking the match out of Scotland when it finally comes around could help diffuse tensions.

     

    But there is an enormous amount of work still to be done before the embryonic plan becomes a done deal.

     

    No one can plan too much without knowing when the game will take place, the SFA and SPFL would have to give permission, the clubs would need to

     

    agree, and a host venue would have to be found.

     

    If the game went to Dubai or another venue outside Britain and tickets were strictly vetted, it’s hoped the tie would pass off peacefully, although many

     

    will insist that such a move would merely postpone potential problems until the next time they meet in Glasgow.

     

    From the clubs’ point of view, they’d be able to sell the TV rights for the first Old Firm derby for years for a vast fee and would look at cashing in

     

    further with a beam-back to Parkhead and Ibrox.

  5. macjay1 for Neil Lennon on

    MML

     

     

    My old uncle had a Ugolini story.

     

    Playing against the huns.Getting rummled up by their centre forward,perhaps Billy Simpson, as you were able to do in those days.

     

    High ball comes into the middle.Ugolini leaves his line to punch the ball clear.Unfortunately,he mistimes,misses the ball and contacts the hun full on the face.

     

    Hunno collapso.Cerried aff.

     

    Much to the glee of the massed ranks of Tims.

     

    Every time my old uncle told that story,he found it funnier.

     

    R.I.P.Uncle Alex.

  6. Murdoch McGrain Larsson on

    Eddie, no probs (I said probs not prods).

     

    Learned that from my Dad, never saw him ( Ugolini not my Dad) – too young.

  7. Murdoch McGrain Larsson on

    Eddie, without googling it. Fairly sure that it started about 65. Stein used it to deflect hunmedia. Jack McGinn was the brains behind it.

  8. eddiegreenhillsbhoy on

    Ryecatcher

     

    In the past few wks I think that is the 1st celtic related post you have done.The rest about Liverpool,Celtic 1st Celtic foremost. Hail Hail.ps.what does KOP stand for?

  9. eddiegreenhillsbhoy on

    Mm&larsson

     

    Your spot on 65 (I googled).knew it was oldest club fanzine.

  10. Eddie….

     

     

    Like your posts mate…..far more than I have ever liked Polo Mint City/ Town……

     

     

    You know what KOP means…..

     

     

    Thick as Fookas at my place of education related it to Kings Own Protestants….WOW…..

     

     

    Like I said…..thickas fookas

  11. eddiegreenhillsbhoy on

    Ryecatcher

     

    I did.

     

    Are you being disingenuous with me(no answer on KOP).Apart from that,You comment regarding the Epl made me wet myself (MCFC).The only club managed properly is Arsenal.ktf

  12. Just got back from the CSA Annual do.

     

    CowieBhoy, for confirmation of a fact, you are a roaster. FACT!:-)

     

     

    See you on the bus.

     

     

    Great night among great people.

     

     

    CSA, the band were a good band, but not a CSA do band.

  13. Murdoch McGrain Larsson on

    Ryecatcher, 13 came through the ranks and could compete with any team in the World !!!

     

     

    Incredible but probably not fully appreciated at the time.

     

     

    Sorry to intervene in another thread but is it not after the Spion Kop?

  14. Eddie….Polomintcitybhoy….

     

     

    Debate the Kings Own Protestants?

     

     

    Sounds like something straight out of St.Kenneth’s mate….

     

     

    No substance whatsoever……show me what you got on this mate.

     

     

    Wet Wet Wetting ?

  15. Murdoch McGrain Larsson on

    Eddie, steady on, my local team, Southampton is very well managed. Despite buying Fox and Hooiveld.

     

    Pompey is a different story.

  16. The first recorded reference to a sports terrace as “Kop” related to Woolwich Arsenal’s Manor Ground in 1904.[2] A local newsman likened the silhouette of fans standing on a newly raised bank of earth to soldiers standing atop the hill at the Battle of Spion Kop. In 1906 Liverpool Echo sports editor Ernest Edwards noted of a new open-air embankment at Anfield: “This huge wall of earth has been termed ‘Spion Kop’, and no doubt this apt name will always be used in future in referring to this spot”. The name was formally consummated in 1928 upon construction of a roof. It is thought to be the first terrace officially named Spion Kop. Many other English football clubs and some Rugby league clubs (such as Wigan’s former home Central Park) applied the same name to stands in later years.

     

     

    Villa Park’s old Holte End was historically the largest of all Kop ends, closely followed by the old South Bank at Molineux, both once regularly holding crowds in excess of 30,000. However in the mid-1980s work was completed on Hillsborough’s Kop which, with a capacity of around 22,000, became the largest roofed terrace in Europe.

  17. Murdoch McGrain Larsson 01:10,

     

     

    What an amazing photograph, respect to both yourself and the original poster.

     

     

    If anyone knows how to get this full screen on a 1920×1080 resolution, I’d be over the Moon, Windows 7.

     

     

    The olde fella is suspicious of Computers, and as always he is right, that picture will really show that there is at least some good in Computers. :))

     

     

    G’night CQN.

     

     

    PassingShips.csc

  18. eddiegreenhillsbhoy on

    Mm&larsson

     

    Know the photo well, got photo when uncle died.1st game 71, on my own since 78. When look back wouldn’t change a thing(well I could but we didn’t know then).Many happy memories

     

    Ktf.ps I was 12 in 78

  19. And as a wee by the way.

     

    James Forrest, I have you a CQN badge tonight, give a fiver to Mary’s meals.

     

    I know you didn’t ask fir it, but Hey Ho.:-)

  20. Murdoch McGrain Larsson on

    Eddie, you have done well to bring yourself up since age 12 :-)

  21. Murdochmcgrainlarsson…..

     

     

    Best photo of Celtic I have seen for years……

     

     

    Breathtaking…..oh my god……

     

     

     

    Thank you sir

  22. Murdoch McGrain Larsson on

    Petec, you lost me at “if anyone knows”

     

    Technophobesarus.csc

  23. eddiegreenhillsbhoy on

    Rye catcher

     

    Went to St Marthas (not in polo mint city yawn yawn)so put that in your pipe and smoke it.debate kop Why? ?Im a tim are you? Reason why asked kop was no Liverpool fan would tell me straight. Why?.

  24. Exiled Tim…..Toyota hilux probably best of the pick ups….got one myself had from new 22 yrs still going strong……. Izuzu D-MAXworth looking at ,only pickup that’s allowed to pull up to 3.5 tonnes 5 yr warranty and great engine few thousand cheaper than the hilux.

  25. Evening Celts,

     

     

    Paul67 re your leader!

     

    Yes I done the £620 x 2 when the call came out from Fergus, you would not believe the financial hardship me and wee Derryghirl were going through, I couldn’t tell her, she knew Celtic and I were everything but the double dunt of shares was too much to say to the wee yin……, ” oh by the way Margeret, you know how we’re skint in all” ,,,,,,,,,, I just bought myself some serious shares in Celtic!.

     

     

    That lassie was cool when I eventually told her and paid it off, Derryghirl and her auld deceased mammy went with it.

     

    It’s things that we as a collective do that make us a team…….

     

     

    The Celtic..,.night howling!

     

     

    HH

  26. eddiegreenhillsbhoy on

    Vmhan

     

    Know where your coming from, only married for a 3 month staying with my mum &dad, wife notices money gone from account, tell her.she is ok God bless the women who put up with us.

  27. I was there Bhoys…….

     

     

    Our crowds were nowhere near what people tell you…..

     

     

    The Huns got less than half of what we had back then….,

     

     

    I was there….Home , Away…..,every feckin week….,

     

     

     

     

    Celtic were lying in second place in the league table – just behind Aberdeen – when a side consisting of Bonner, McGrain, Aitken, McAdam, MacLeod, P McStay, McClair, Burns, Provan, Johnston and McGarvey ran out at Parkhead on this day in 1984 to face fourth-placed St Mirren.

     

     

    For a match between two teams in the top four, an attendance of 16,148 was very poor but those who did turn up certainly got their money’s worth as Celtic hit top form, even though the Buddies got the first goal in 11 minutes. Paul McStay opened the Celtic account in 20 minutes, Frank McGarvey made it two after 47, Tommy Burns got the third in 50 minutes, Davie Provan made it four five minutes later, McGarvey got two more in the 60th and 72nd minute and Brian McClair made it 7-1 nine minutes from the end.

  28. Phyllis Dietrichson on

    Funny how £620 rings a bell with everyone. To my shame I was too mixed up with other money worries at the time, but my dad (RIP) found it from somewhere and those shares will never be sold.

  29. Stringer Bell on

    Toora Loora loora loo

     

    I’ll tell ye something awfa true

     

    You widnae hae yer telly the noo

     

    If it wisnae fur the union

  30. Hamiltontim…

     

     

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

     

     

    Yeah go on then….is it me?

  31. Stringer Bell on

    My first 11

     

    Bonner

     

    McGrain

     

    Reid

     

    Aitken

     

    McCadam

     

    McLoed

     

    Provan

     

    McStay

     

    McGarvey

     

    Burns

     

    McCluskey.

     

     

     

    Danny and the Bear were the top men, no prisoners

     

    McStay was magical

     

     

    The rest merely brilliant.

  32. Wouldn’t have given the Bunnet a thin dime of my money at the time……I’ve still got it!!

     

     

    He got 9 times what he put in…..feckin disproportionate or what?

     

     

    Behave like Sevco…..get treated like Sevco….

     

     

    There was NEVER any danger of Celtic going under…….

     

     

    Stop slagging the Orcs if you believe McCann was our saviour.

     

     

    CloudcuckoolandCSC

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