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. TBJ Praying for Oscar Knox

     

    08:59 on

     

    3 May, 2014

     

     

    That’s my experience too. They change direction as erratically as a moth at a lightbulb.

     

     

    One in my work has lost his debenture & share money and still won’t accept that Ally McOist’s rangers are just the football equivalent of Les McKeown’s Bay City Rollers – a glorified tribute act!

     

    .

  2. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    hamiltontim is praying for oscar

     

     

    10:14 on 3 May, 2014

     

     

    Ah, right….I recall meeting some CQN Fholks there ……

  3. mickbhoy1888 on

    HT

     

     

    Fair enough but there were 11 Dundee players on the park that day trying to secure a place in Europe

  4. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    mickbhoy1888

     

     

    10:24 on 3 May, 2014

     

     

    Hahahahahahahahahahahahaha………

  5. squire danaher on

    Chairbhoy

     

     

    I can’t claim credit

     

     

    One of the nightshift posted it in the wee sma’ hours

     

     

    Only complaint is I can’t shrink it to size for iPad wallpaper but the wee ginger fella is loud and clear in the middle :D

  6. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    No wee swim today ….heading off in about 15 minutes to get a good ‘seat’ for The Celtic Way, and get my face painted……hahahahahahahahahahahahaha….. HAIL HAIL to all….

  7. mickbhoy1888 on

    67heaven … i am neil lennon, supporting wee oscar..!!.. ibrox belongs to the creditors

     

     

    10:37 on 3 May, 2014

     

     

    Get yer face painted ??????

     

     

    Must be to hide yer big bluenose :-)

  8. A Ceiler Gonof Rust on

    TET, listen to yer mrs. She’s right. Toyota hilux 3 l invincible is not only invincible, its unbreakable.

     

     

    If I could I,d kick mrs acgr oota ma bed and sleep wi ma truck:-) Its a brilliant machine.

     

     

    On the fitba, mon the hoops. Do to the dons what you did to last week’s pretenders.

     

     

    Looking forward to a great day out. Last one with my young lad before he buggers off to uni.

     

     

    Celtic

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

    ACGR

     

     

    Mrs ACGR would rather sleep with your truck……………

  10. 6 or more total goals in todays game, 9/1.

     

     

    5 – 1 or 4-2 will do just fine.

  11. blantyretim is praying for the Knox family on

    Hi ho..

     

    Enjoy new Celtic way and the game bhoys/ghirls

  12. HT / Mickbhoy1888

     

    In the days following that magical game at Love Street, I remember being told by a couple of mates,with whom I attended most games in season ’85-’86, and who had mocked me with the words, “nae chance, stay for a bevvy”, as I headed alone for the train to Paisley, that if I used the biblical quote “O Ye of little faith” one more time to them, I was going to be walking funny for a while.

     

     

    I was certainly walking funny by the time I got back from Paisley that night!

  13. squire danaher on

    Beatbhoy

     

     

    Unfortunately me and two mates were of a similar mind to your mates and we stayed in pub

     

     

    One of my lifelong regrets.

  14. valentinesday on

    Margaret McGill

     

    10:26 on

     

    3 May, 2014

     

    I see the Ozmind brothers have split up again.

     

    ____________________________________

     

     

    A couple of wifey’s arguing in the close aboot who’s

     

    day it is fur the backdoor.

     

     

    cannaegetmawashinootCSC.

  15. Squire danaher @ 10;33,

     

     

    Well thanks for the repost, missed it first time round.

     

     

    Don’t tend to click the links during the night anymore ~ for the sake of my sanity:-))

     

     

    Sure I miss some great stuff.

     

     

    Yeah, Jinky paramount – Superb.

     

     

    Hail Hail

  16. bournesouprecipe on

    Celtic, Celtic thats the team for me,

     

     

    Celtic, Celtic on to victory,

     

     

    They’re the finest team in Scotland, I’m sure you will agree,

     

     

    We’ll never give up till we’ve won the cup and the scottish football

     

     

    league.

     

     

     

    They come from bonnie Scotland, they come from county Cork,

     

     

    They come from dear old Donegal and even from New York,

     

     

    From every street in Glasgow they proudly make their way,

     

     

    To a place called dear old paradise and this is what they say.

     

     

     

    Celtic, Celtic thats the team for me,

     

     

    Celtic, Celtic on to victory,

     

     

    They’re the finest team in Scotland, I’m sure you will agree,

     

     

    We’ll never give up till we’ve won the cup and the scottish football

     

     

    league.

     

     

     

    There’s Fallon, Young and Gemmell who proudly wear the green,

     

     

    There’s Clark, McNeill and Kennedy the best there;s ever been,

     

     

    Jim Johnstone, Murdoch, Chalmers, John Divers and John Hughes,

     

     

    And sixty thousand Celtic fans who proudly shout the news.

     

     

     

    Celtic, Celtic thats the team for me,

     

     

    Celtic, Celtic on to victory,

     

     

    They’re the finest team in Scotland, I’m sure you will agree,

     

     

    We’ll never give up till we’ve won the cup and the scottish football

     

     

    league.

  17. BT Never far away ! Always manage a read, seldom post though. Had a preview of The Celtic Way yesterday, light years ahead :-)

  18. theoriginalsadiesbhoy 9:49

     

    Maybe this is not bad idea?

     

    I don’t remember anything like this happening on football stadium. James McMillan could do something just before Celtic game, maby before last one this season?

  19. beatbhoy

     

     

    10:47 on 3 May, 2014

     

     

    As you may have read I too was there. In those days I travelled both home and away in a car with three friends. In season 85/86 we went to every game.

     

     

    I recall returning from Aberdeen , driving through Dunblane as the by-pass was not opened, we passed a car full of Jambos. Well you can imagine they gave us pelters but we gave as good as we got.

     

     

    On that day in Paisley I could not get those Jambos out of my head…)

     

     

    Keep the Faith!

     

     

    Hail Hail!

  20. bournesouprecipe on

    ……………..unfortunately for the Sevco fans the voluntary redundancies are restricted to non playing staff for the moment

  21. Zbyszek

     

     

    10:59 on 3 May, 2014

     

     

    ‘theoriginalsadiesbhoy 9:49

     

    Maybe this is not bad idea?

     

    I don’t remember anything like this happening on football stadium. James McMillan could do something just before Celtic game, maby before last one this season?’

     

     

     

    #####

     

     

     

    Are you being serious, or just trying to provoke disharmony among the support?

     

     

     

    http://blogs.telegraph.co.uk/culture/jmacmillan/100046348/celtic-fans-need-to-ditch-their-shady-pro-terrorist-sympathies-and-return-to-their-catholic-roots/

  22. CELTIC players have something big to prove today, I feel we will give the sheep a doing by a good few goals, just to prove a point.

     

    Let’s hope so anyway. Predict 4 – 1 to the good guys,

     

     

    Hail Hail

     

     

     

    KINGLuBO

  23. Squire Danaher

     

     

    I had gone through the agony and ecstasy of the 4-4 all draw against deidco at Mordor a few weeks previously, when we had the equivalent of an England batting collapse when leading 3-1. Then Murdo scored a screamer to level it for the ten men, a goal that turned out to be even more important than it felt at the time. I can still hear the start of the celebratory roar rising up from the fans as the ball was between Murdo’s boot and the goal. Those behind the goal knew it was going in the moment it left his foot.

     

    It was having gone through that game that I thought ‘Might as well see it through to the end’

     

     

    I wish all my thinking in life had been that good!

  24. thomthethim for Oscar OK on

    Memories, is it?

     

     

    Jimmy Shand on Highland Radio just now, playing the Bluebell Polka.

     

    “and now, here are the teams for today’s game”. Sigh!

  25. TBJ Praying for Oscar Knox on

    Billy bhoy

     

     

    Same with the wee numpty in my place … Two years ago he was on the steps of the stadium bummer once played for and he came in demanding to see the deeds

     

     

    I told him the deeds don’t belong to the deid club but belong to Craigy bhoy …. He was speechless

     

     

    Now he’s sure it’s just the company that goes into admin … Yet says he thinks they might go into admin AGAIN !!!!

     

     

    His wee pea brain is spinning away …. Holding back his season ticket money to give to king … Cos king was found not guilty in safrica

     

     

    Shame is … The wee guy ain’t a bad lad and I kinda feel sorry for him so I don’t rip him apart … Too often ;)

  26. TBJ Praying for Oscar Knox on

    Bourne

     

     

    Surely no volunteers at Ibrokes .. They don’t do walking away after all

     

     

    BTW … Whatever happened to sir Walter of carmyle ?

  27. winning captains

     

     

    ‘Pat Nevin. Boyhood Celtic fan.’

     

     

    No thanks.

     

     

    Poor way to advertise the new CQN magazine.

  28. i wonder what james macmillan suggests for the many thousands of celtic fans who although were brought up catholics at school and in church etc, dont actually believe in it any more and so dont go

     

     

    people can espouse christian/catholic values without having to be religious or reading gospels etc

  29. valentinesday:

     

     

    I thought one of the favourite fishwives’ past-times was talking behind other peoples back.

     

     

    At least I have the decency to address my comments.

     

     

    howbigismysofacsc