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.

Seville – The Celtic Movement:

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  2. Falkirkbhoy- I was at the press conference where WGS walked out.

     

    Coincidentally, it was at Falkirk and the problem questions related to Aiden.

     

     

    The press were told that WGS would not answer any questions on him (Aiden).

     

     

    1st question is about Aiden from Sneevins….shortly after WGS walks out…..to be replaced by Skippy.

     

     

    Falkirkbhoy, where you there? Just interested as it is the only press conf I’ve been at.

     

     

    HH

  3. Glad Pirlo has signed on again with cheats Juventus…..wouldn’t want anyone with that club’s mentality anywhere near Paradise……More suited to Ibrox like most players from that country.

     

     

    Treble tomorrow is :

     

     

    Aston Villa (must win game)…..Ryecatcher in attendance,in the Holte End with his swally mates,wishing Oor Paul all the luck in the world.

     

     

    Sunderland……..Gus Poyet to teach Ryan Giggs a thing or two about tactics.

     

     

    Everton…..biggest certainties of all……battered Man Shitty last FOUR seasons at Goodison…….Shitty will capitulate on Merseyside tomorrow.

     

     

    Remember who gave you this treble Bhoys.

     

     

    Keep the faith

     

     

    Hail Hail

     

     

    YNWA

  4. The Maltman on Renfeild St massive union jack hung up inside the window consider yourself on the list.

  5. I would like to thank everyone again for supporting my attempts to get help the Pancreatic Cancer petition through the 100,000 signatures threshold. It surpassed the figure in time and I hope this helps long term to fight the condition and find a screening process or cure.

     

     

    Unfortunately my dad passed away yesterday, two and a half months after being diagnosed. Thank you once again for the support when I first requested help and the suggestions of treatments, we get the mushroom extracts which looked promising, at least to some degree, but unfortunately never had a chance to use them.

     

     

    I know there will undoubtedly be messages of support as I know how people are on this forum. I probably won’t be on to check things or be thinking of Celtic life in the next few days so thank you all in advance.

     

     

    Rip Joe Malone YNWA

  6. MooooonTheHoops on

    Malone Bhoy 19:43 on 2 May, 2014

     

    [i]…the Pancreatic Cancer petition…[/i]

     

    __________________________________

     

     

    I’m sorry for your loss Malone Bhoy.

     

    Do you have a link to that?

  7. Malone bhoy- may your dad rest in peace. Strength to you and your loved ones at this time.

     

     

    AoW

  8. Malone Bhoy…..

     

     

    May perpetual light shine upon your dad.

     

     

    Inspirational story about the majestic Wilko Johnson beating that horrible disease today…….

     

     

    God bless you mate…..remember all the good times with your dad.

  9. Ryecatcher- there you are…… :-)

     

     

    Liv vs Manks U21’s on BT Sport just now.

  10. Back in again….

     

     

    Hugh Keevins, if yer reading this…you sound more

     

    at peace with yerself to be off oot the DR. imho

     

     

    The DR without Hugh Keevins and Murdo Macleod

     

    is like the Celtic without, Henrik & Lubo.

     

    Hail Hail – Off oot this time…bye.

  11. Hamiltontim is praying for Oscar on

    Malone Bhoy

     

     

    My thoughts are with you and those who loved your dad.

     

     

    May he rest in peace.

  12. I see some speculation re the future travels of JF.

     

    We shouldn’t bite bhoys.

     

    We are approaching the silly season of transfer speculation.

     

    The red tops need to fill column inches.

     

    Agents need to raise balloons to earn themselves some ill gotten gains.

     

    Players want to apply pressure to ensure their contract extensions are lucrative.

     

    So please ignore the headlines and just don’t buy into the journalists’ fiction.

     

     

    Mind you I’d bite their hands if anyone offers 7 million for James.

  13. The Maltman in Renfield Street….

     

     

    Still owned by Paul Waterson,Chairman of Scottish Licensee Association?

     

     

    Massive Tim,when young Rye knew him.

     

     

    Paul and a Union Flag in his pub…….hmmmmmm

     

     

    Can’t imagine this……take it he’s sold it then?

  14. malone bhoy

     

    Sincere condolences.

     

    Cancer is a scourge which needs to be tackled aggressively by all governments.

     

    I hope your da is at peace and your family has the strength to cope.

     

    May his soul and the souls of all the departed rest in peace.

  15. Gene's a Bhoy's name on

    malone

     

    sincere condolonces for the loss of your dad – may he rest in peace -prayers will be offered

  16. johann murdoch on

    Bsr- ole skippy says don’t mention the state aid or the ” secret” well !!

     

     

    Nudge nudge

  17. Canihaveraspberry….

     

     

    His new stuff with Roger Daltrey is magnificent……

     

     

    Seen him live a few times……

     

     

    Simply magnificent…..

     

     

    Long Live Wilko Johnson

  18. ryecatcher

     

     

    20:04 on 2 May, 2014

     

    Canihaveraspberry….

     

     

    His new stuff with Roger Daltrey is magnificent……

     

     

    Seen him live a few times……

     

     

    Simply magnificent…..

     

     

    Long Live Wilko Johnson

     

     

    Let’s pray for him

     

     

    My 8 year old buds just love Dr F. No radio Clyde pish in my motor.

     

     

    LongliveWilkoCSC

  19. johann murdoch on

    Malone Bhoy -so sorry to hear of your dad’s passing – may he rest in peace hh

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