The Guardian : Simple Minds’ front man joins group bidding to take over Celticlundi 25 mai 1998
Source : The Guardian
From The Guardian :
Football : Simple Minds’ front man joins group bidding to take over Celtic
Jim Kerr, front man of the band Simple Minds, is supporting a move to take over the Scottishchampions Celtic. He has also asked U2’s lead singer Bono to back the consortium making the bid. The aim of the consortium, led by the club’s former director Brian Dempsey, is to buy out the majority shareholding of the chairman Fergus McCann, who has pledged to sell his pounds 36million stake next year.
Last week Celtic began moves to float the club on the stock market with the intention of sellingMcCann’s 51 per cent holding to a mixture of fans and financial interests.
Kerr, who is a lifelong Celtic fan, was said by a friend to be "terrified" of someone becoming themajor shareholder who "has not got a Celtic or a Scottish or Irish background.
"Jim has been concerned for a long time about the state of the club with its squabblings andunhappiness, and has had ongoing discussions with Brian as to who will eventually controlCeltic."
It is thought the Dempsey deal would allow fans to buy pounds 20 million worth of McCann’sshares with the consortium purchasing any that went unsold. But the offer is pitched at pounds180 per share for shares which are trading at pounds 255, and the potential loss that could entailmay not be acceptable to McCann.