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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1,059 Comments

  1. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    Geordie Munro

     

     

    No — sorry but I never met Senna or Helle Nice …… I met Bryan Ferry for a chat a few years ago —- as for the rest well yes I sort of know them as they are all figments of my imagination!

     

     

    Malorbhoy

     

     

    I think I will have the daughter with me today but will see you there anyway. I had a very pleasant afternoon in the company of 67Heaven last week.

     

     

    You can tell me all about your cruise and give me my present when you see me!!

     

     

    By the way guys, like Paul, I am leading a team selling Celtic Foundation Badges for charity next week on Trophy day. We are looking for volunteers — details can be found on the Foundation web or if you are interested in helping out contact me at editor@cqnmagazine.com

     

     

    Also — all CQN’ers should look out for Winning Captain’s and his boys at the Gazeebo today.

     

     

    He has a wee CQN flier to hand out and might be looking for helpers.

  2. ....PFayr supports WeeOscar on

    TBJ

     

     

    Do you think any of those nutjobs will purchaser debenture seats again

     

     

    I mean there’s being loyal and stupid and just plain stupid

     

     

    Ironically , those who have been done with the a Newco bouncing their debentures will be the loudest proponents of same club , dignity, history etc

     

     

    Battered by their own BS …

  3. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    malorbhoy

     

     

    08:38 on 3 May, 2014

     

     

    Don’t forget to fill it in …… :)

  4. bankiebhoy1 on

    in other news…….

     

     

    Awwy Wamont

     

    … gets the hordes gee’d up to despatch…. ‘n’Gromit

     

    down the marble staircase…

     

     

    HeyAwwyWhitabootweedavie? CSC

  5. BT & PF Ayr

     

    My anniversary is 28th of May too !

     

    Given the HUGE age difference though, I’ll be celebrating 31 years later this month :-)

  6. blantyretim is praying for the Knox family on

    Chaplin

     

    Nice to see you dropping in. Been a while…

  7. Margaret McGill on

    Acting as a guarantor for the club’s £7 million debt, he injected additional finance, floated the club on the London Stock Exchange as a public limited company, Celtic plc, in order to raise capital from a share issue, and oversaw an extensive redevelopment of Celtic Park.

     

     

    What some perceived as McCann’s abrasive manner, coupled with his preoccupation with building a sustainable infrastructure for the club off the field rather than a title winning one on it, prompted sustained criticism during much of his tenure.[2][3] Although credited with rescuing the club from imminent bankruptcy, McCann stated at the outset that he would stay for only five years, with the objectives of placing the club on a firmer business footing and returning the league championship to Celtic Park. The latter goal was met, halting Glasgow rivals Rangers F.C. in their quest for a record-breaking ten consecutive league titles.

     

     

     

    Legend!

  8. TBJ Praying for Oscar Knox on

    PF

     

     

     

    Their level of stupidity appears to be boundless .

     

     

    Their pride and arrogance overpowers any sense they may have .

     

     

    A con man could fleece peepol like that repeatedly ….. Oh wait !!!!!

     

     

     

    My favourite sevconian in work keeps me laughing as he jumped from Murray to whyte to green to brown to green to easdale to king

  9. BRTH

     

     

    You had a very pleasant day with 67 Heaven?. ,must have been his twin brother>:) not been on cruise yet next week:-) B-)

     

     

    67heaven

     

     

    got Mrs Mb to fill it in just in case:-P

  10. Geordie Munro on

    Cheers, brth. I’m actually wishing I hadn’t called the tale by that name now. Spoiler csc

     

     

     

    Tbj,

     

     

    My boss bought the full monty of shares and debentures at ibrox back in the day.

     

     

    When asked about thems these days he still says “aye I’ve still got ma shares n that but I dinny go any mair.”

     

     

    Errrrm no ye don’t.

  11. Hamiltontim is praying for Oscar on

    BRTH

     

     

    An enjoyable wee read that, over a morning coffee.

  12. Ht

     

    Hope you are well my friend regards to you and my wee favourite Minx1888

  13. ....PFayr supports WeeOscar on

    Maggie

     

     

    Aye ….and he’d no truck with those SFA bams …

     

     

    Legend!!… Seconded

  14. Hamiltontim is praying for Oscar on

    Malorbhoy

     

     

    All is well here my friend. I’m going to try and make it to CQN corner prior to kick off but no doubt you’ll be quaffing Champagne and nibbling caviar at that point :-)

     

     

    You making it out next Saturday?

  15. Hamiltontim is praying for Oscar on

    Happy Albert Kidd day everyone, 28 years ago today Hearts bottle well and truly crashed! :-)

  16. On football/music inspirations. Can James McMillan be next Celtic manager/conductor :-)

  17. squire danaher on

    This was put up overnight and should be MANDATORY wallpaper material for ALL Celtic devices !!!

     

     

    Many thanks !!

     

     

    murdoch mcgrain larsson

     

     

    01:10 on 3 May, 2014

     

    Eddie, don’t know your era but somebody posted the link to this pic recently. One of the best, if not the best, Celtic pics that I have seen. Distance lends enchantment …

     

     

    https://pbs.twimg.com/media/BmImMTiCEAANEX3.jpg:large

  18. Hamiltontim is praying for Oscar on

    And for those of you with an interest in Irish history….on this day Padraig Pearce was shot in Kilmainham Jail.

  19. Pogmathonyahun aka Laird of the Smiles on

    I got my £620 worth of shares in ’95 (when the shares were issued) and they are still in my possession, I also elected not to take a financial dividend several years ago and have more shares issued instead. Nice wee bundle of shares building up which will remain with my family in perpetuity as far as I am concerned.

     

    Listening to the radio last night and they were interviewing Everton fans re today’s game. Approx 50/50 split between them wanting to beat Man City/lose to Man City, some keen to see Gerard fulfil his ‘destiny’ and win the league.

     

    Anyhoos enough about Liverpool as this is rapidly turning into LQN.

     

     

    C’mon the Hoops.

  20. Phyllis Dietrichson on

    On wee Fergus, I’ll repeat what I’ve said before.

     

     

    We should name the North Stand after him – after all, he built it.

  21. Jobo –

     

     

    Being pedantic, it isn’t possible to get 8 points from 3 games, so it will have to be all 9 points for a total of 101.

     

     

    We can do it.

  22. bankiebhoy1 on

    Fergus………………….

     

     

    Thirded.

     

     

     

    An important figure and part of our supportive community.

     

    Thank goodness for him and his jaunty bunnet.

     

     

    Legend.

  23. Hamiltontim is praying for Oscar on

    Lennybhoy

     

     

    I was there too, it took me days to really appreciate what had happened!!

  24. Morning all.

     

     

    Was hoping to attend the match today having had the offer of a ticket from BMCUW via angelgabriel.

     

     

    Can’t make it due to family (not in a Cosa Nostra way!) commitments.

     

     

    Bit gutted as I am desperate to see the new Celtic Walkway. Might see it next Saturday during the hootenanny.

     

     

    Anyone going today care to take some photos and put a link up on here later?

     

     

    3-0 the Hoops.

     

     

    HH!!

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

    PF AYR

     

     

    Not sure whether you are up and about surprisingly early after your birthday celebrations,or have just returned home disgracefully-late-ya-dirty-stopout.

     

     

    Hope you enjoyed it anyway.

     

     

    I’m away to pore through the racing pages. See if I can make it difficult for you all next week.

  26. squire danaher on

    gold coast tom

     

     

    03:08 on 3 May, 2014

     

     

    EU from what I can recall was a reasonable character who appreciated where he was. He made no pretence of, and was accepted, for what he was.

     

     

    The Liverpool supporter is none of the above.

     

     

    Hope your health is ok and I was sorry about your recent sad news.

  27. GourockEmeraldBhoy on

    Good morning CQN, off oot for 2 sqweer slice on morton rolls, looking forward to seeing the new walkway but unfortunately won’t get there in time for Cesars opening ceremony.

     

    Hope we put a few past the sheepies today..

     

     

    Hope you all enjoy the game.. Will prob be lurking while intoxicated later

     

     

    HH

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

    DHARMA BAM

     

     

    It is,mate.

     

     

    A rather mellow little album,a wee chill pill.

  29. Squire Danahar –

     

     

    Our comments crossed.

     

     

    Thanks for that. I am fine.

     

     

    So it’s more about ryecatcher than Liverpool. I understand.

     

     

    Cheers.

  30. The Honest Mistake loves being first on

    BRTH.

     

    Absolutely fantastic story. Thanks.

     

    I’ll be in Frejus in two weeks time might take a trip to Nice to find out more about Helle.

     

    Hail Helle.

  31. squire danaher on

    GCT

     

     

    Up until last Saturday night, Ryecatcher singlehandedly attempted to turn this place into Liverpool Quick News.

     

     

    He seems to have returned after a week spent licking his wounds after his team were pumped by the London Huns.

     

     

    People talking about the referendum have been hunted for less.

  32. Fess

     

    You posted re Neil Mochan scoring five against St Mirren. I was there and also at the two which preceded it. 1-1 at Love Street. Celtic equalising about 30 seconds after St Mirren scored then the 4-4 draw at Celtic Park. Celtic coming back from 3-1 down. St Mirren were a very good side then with two excellent inside forwards. Tommy Bryceland and Tommy Gemmill (SP).

     

    Right, cycling over t ACGR`s to make my way to the game. I fancy a 3-1 victory; maybe 3-0……or 4-0…..or

     

    Cheerio,

     

    Good day for a big crowd,

     

    JJ