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Celtic rule out foreign takeover; something on the horizon?
Topic Started: Oct 21 2008, 05:17 PM (918 Views)
desachi
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Celtic rule out foreign takeover

Celtic chairman John Reid

John Reid says Celtic will not be sold to a foreign billionaire

Chairman John Reid insists Celtic will not be allowed to fall into the hands of foreign billionaires.

Reid says the Scottish champions have global ambitions but stressed the club would not follow in the footsteps of a host of English Premier League sides.

"No, I wouldn't and Dermot Desmond (Celtic majority shareholder) wouldn't either," Reid told BBC Radio 5 Live.

"But we would like access to a bigger platform, whether in Europe or outside Scotland or whatever."

Celtic's Champions League opponents Manchester United were subject to a controversial takeover by American businessman Malcolm Glazer in May 2005.

And United's neighbours City were bought by former Thailand prime minister Thaksin Shinawatra in the summer of 2007.

When we have to play the Barcelona's or the Manchester United's of the world we have to punch above our weight

Seven other English Premier League clubs are in the hands of foreign owners: Aston Villa, Chelsea, Fulham, Liverpool, Portsmouth, Sunderland and West Ham United.

But despite an enormous gap in earnings between Celtic and the top English sides, Reid says his club will resist any temptation to sell the club to the highest bidder.

"Dermot has been a fantastic support for the club," the former Home Secretary said.

"We're quite happy taking the (television) money that we got and doing what we have.

"The key thing about it is not to have somebody who is just handing money out to you, but to run a good business model.

"And despite all of the problems we've had and the limited resources, at our AGM last week we were able to report again that, on the business side, we had the board and shareholders had made a small profit.

"We had allocated some towards strengthening our squad, but, there's no doubt about it, we're in a limited market in Scotland for multimedia sales.

"Therefore when we have to play the Barcelona's or the Manchester United's of the world we have to punch above our weight because of out sport's size, because of our sporting ability, because of our management and because of the added value we put into that type of players."


link

Well, judging from that, either the club has been contacted or Desmond is looking to sell up and this is the first step. Why the comment otherwise? :shrug:

Surely Desmond and Reid can't be so stupid as to attract this sort of attention simply as a result of a careless comment, as it currently could read that Desmond is not willing to put in more money but at the same time is not willing to let anyone else to do the same. :shrug:

Probably something on the horizon in the next few years.
In the nation of the blind the one eyed man is king.

All that is necessary for evil to succeed is that good men do nothing

HWEUCSC & Chicago CSC

Buena Vista Celtic Club, Keeping the Green Flag Flying High
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Henke
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What's worse?

The current set up, which let's be honest, is a joke and is designed for those with absolutely no ambition. We are financially sound and all that, but this has come at the expense of the football team, which after all, is the only reason the fecking club exists in the first place. :rolleyes:

Or being the play thing of a some cad?

The answer for me, is fuck knows! :unsure:
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If you're having cash problems I feel bad for you hun
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melbournebhoy
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Isnt Desmond a foreign billionaire?
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buckfasthero
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melbournebhoy
Oct 22 2008, 11:47 AM
Isnt Desmond a foreign billionaire?

He may be a gigantic prick but he's as foreign to Celtic as Brother Walfrid was.

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Henke
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melbournebhoy
Oct 22 2008, 01:47 PM
Isnt Desmond a foreign billionaire?

I'd say Desmond falls under a different category from an Abramovich, Murray no legs or dare I say it, Mad Vlad! :D

In every hick town in Caledonia

Across this pseudo nation

You can see the most fucked up scum that was ever shat into creation

Where a blue McEwan's lager top equals no imagination

You're hunbelievable



If you're having cash problems I feel bad for you hun
I've got 99 problems but tax ain't one
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desachi
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He owns less than 30% of Celtic for starters. If someone really wanted to take over the club then in the current economic climate it would be relatively straightforward to do if they had the will.

That said, who would want to? Not much scope for a business killing really. Football clubs are generally a loser to invest in, even those in the ultra rich EPL.
In the nation of the blind the one eyed man is king.

All that is necessary for evil to succeed is that good men do nothing

HWEUCSC & Chicago CSC

Buena Vista Celtic Club, Keeping the Green Flag Flying High
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blair7-1
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We have got to be a decent buy at the minute.

To increase the short term value, all that is needed is to replace the left back, sign a top striker and move into the last eight of the CL. Presently, we have shown a lack of desire or respect for the competition by not adding to our side in the window.
True, the best players can`t be afforded, but there are those who sit on the fringes of teams, and not everyone can play for the top sides due to lack of places.

I hope he sells up to an Arab multi billionaire. They would have been better investing in us than City.
Chelsea is always the one I wonder about. Should Abramovich pull the plug, they don`t have the fan base to survive as far as I`m aware. Suprising that someone took Chelsea on imo, but fair play to him, he has worked hard to deliver the players over the last few years.
I`m not biased. I don`t care who beats Rangers

It is up to us, to everyone at Celtic Park, to build up our own legends. We don’t want to live with history, to be compared with legends from the past. We must make new legends."
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Mainser
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I have said for many months, even years, that everything the plc did in terms of financial prudence pointed towards DD wanting to "clean up" the balance sheet ahead of a sale. It may not be possible at the moment given the global economic climate, but the signs have been there for quite some time.
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groucho bhoy
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refuses to sell his shares, refuses to invest.

cheers dermot!

here's to many more games like last night.

i really appreciate it.
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Mainser
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groucho bhoy
Oct 22 2008, 11:16 AM
refuses to sell his shares

Have you got any concrete evidence to back that statement up? The deeds of the past few years, since Seville really, have pointed to the contrary.
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groucho bhoy
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Mainser
Oct 22 2008, 11:26 AM
groucho bhoy
Oct 22 2008, 11:16 AM
refuses to sell his shares

Have you got any concrete evidence to back that statement up? The deeds of the past few years, since Seville really, have pointed to the contrary.

the quote from him that says 'the one thing my children have said to me is that i'm not allowed to sell my celtic shares under any circumstances because they want them'.

not a direct quote, but that's the jist of it.

we're a plaything for rich weans!


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Doc67
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groucho bhoy
Oct 22 2008, 11:44 AM
Mainser
Oct 22 2008, 11:26 AM
groucho bhoy
Oct 22 2008, 11:16 AM
refuses to sell his shares

Have you got any concrete evidence to back that statement up? The deeds of the past few years, since Seville really, have pointed to the contrary.

the quote from him that says 'the one thing my children have said to me is that i'm not allowed to sell my celtic shares under any circumstances because they want them'.

not a direct quote, but that's the jist of it.

we're a plaything for rich weans!



"post when we're losin
you only post when we're losin
post when we're losin
you only post when we're losin"





Good to be back!
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groucho bhoy
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say that again and i'll give you the best bitch-slap you ever did get!
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Roseanne
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Doc67
Oct 22 2008, 12:46 PM
groucho bhoy
Oct 22 2008, 11:44 AM
Mainser
Oct 22 2008, 11:26 AM
groucho bhoy
Oct 22 2008, 11:16 AM
refuses to sell his shares

Have you got any concrete evidence to back that statement up? The deeds of the past few years, since Seville really, have pointed to the contrary.

the quote from him that says 'the one thing my children have said to me is that i'm not allowed to sell my celtic shares under any circumstances because they want them'.

not a direct quote, but that's the jist of it.

we're a plaything for rich weans!



"post when we're losin
you only post when we're losin
post when we're losin
you only post when we're losin"

:LOL: :clap:

I don't want some soulless tosser coming in with their money. We are not a plaything and never should be. We are already at the top in Scotland and have done it the honest way, not buying our way there the way the huns did in their 9IAR era. In Europe, we have competed and will do again. We have dished out some bloody noses to some pretty rich teams and I don't believe we've seen the last of it. Having mega millions didn't stop Chelscum dropping points to Cluj though and would bring us no guarantees.

HAIL HAIL
:ynwa: Celtic in my heart, in my life, forever. :ynwa:

Caldwell.......McDonald.........VENNEGOOR OF HESSELINK :love: :pmsl:
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Henke
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:smack: :oooh!:
In every hick town in Caledonia

Across this pseudo nation

You can see the most fucked up scum that was ever shat into creation

Where a blue McEwan's lager top equals no imagination

You're hunbelievable



If you're having cash problems I feel bad for you hun
I've got 99 problems but tax ain't one
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