Celtic Park

Next Game

Celtic v Hearts

Wednesday, 24 September 2014, 19:15

Scot Comm'ties Lge Cup Third Round

Celtic Park

Last Game

Celtic 1 - 1 Motherwell

Sunday, 21 September 2014, 15:00

Scots Prem

McCann: Near thing for Hoops

Fergus McCann believes his revolution at Celtic may never have got off the ground had a previous bid for control of the club been accepted.

Last Updated: 05/03/14 at 18:13 Post Comment

Fergus McCann: With bust of Celtic legend Jock Stein

Fergus McCann: With bust of Celtic legend Jock Stein

Twenty years ago this week the Scots-born Canadian businessman rescued the club from receivership when paying off the Bank of Scotland just eight minutes short of a strict deadline.

McCann, known affectionately among Celtic fans as 'The Bunnet', put £1m of his own money on the table to stave off any threat of immediate bankruptcy before adding a substantial investment and overseeing the most successful fan-based share issue in British football history.

His intervention ensured all debts were met, the club's history remained in tact, a 60,000-seater stadium was built and the foundations were laid for the team which would end Rangers' hopes of a 10th successive league title four years later.

McCann, who said he would 'be gone in five years', was true to his word when he bowed out in 1999 after selling his majority shareholding in the club to Irish entrepreneur Dermot Desmond.

Celtic plan to mark the anniversary of his timely arrival this summer, but speaking in the Celtic View the 72-year-old revealed how close his boyhood club came to rewriting the history books.

"Around 1989 the original offer was a £6m loan at half the bank interest rate, to fund a 16,000-seat stand on the north side but came with no shares or board position. And a marketing contract to do a season ticket campaign.

"This was before the Taylor Report. The park would have 24,000 seats and

48,000 standing. In hindsight, this would probably have not worked well.

"With no authority and subject to a board driven by fear and suspicion, and with no business sense, my position would have been too weak to make the required radical change in the culture of Celtic's leadership."

At the time Celtic was a privately owned company and the board of the day - made up of Jack McGinn, Chris White, Kevin Kelly, Jimmy Farrell and Tom Grant - unanimously opted against taking up his first offer in 1989, and again when he made his first advances five years later.

But on March 4, 1994, McCann eventually managed to push through his rescue bid to save the club and now one of his greatest passions is spending time at Parkhead as a 'regular fan'.

"I would be quite content to just be the anonymous supporter I used to be,"

he said. "I want the best for Celtic, and like every other supporter, I want to

be proud of the club. This is what matters."

Related News

Most Commented

Readers' Comments

H

ilarious, thanks for that. But if I may, I do suspect the reason of your partners' ire is not Tottenham, but most probably all the compusilve gambling :)

DannySmith
Backing Costa To Keep Banging 'Em In

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew braced for protests

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

Footer 365

Premier League: Manchester City captain Vincent Kompany hails Frank Lampard

Man City captain Vincent Kompany says Frank Lampard's goal against Chelsea could prove a key moment in the title race.

No concerns over Steven Gerrard, says Liverpool manager Brendan Rodgers

Brendan Rodgers remains confident that Liverpool skipper Steven Gerrard will continue to deliver at the highest level.

Arsenal boss Arsene Wenger hails strength of Abou Diaby ahead of return

Arsenal manager Arsene Wenger has hailed the strength of character in Abou Diaby following his latest injury comeback.

Mail Box

Will Rodgers Finally Drop Gerrard?

The mailbox wants to know if Brendan Rodgers has the stones to drop Steven Gerrard. Plus, thoughts on Wayne Rooney's display, sitting down, and thanking United fans...

Clattenburg And Assistants Should Be Suspended

It's a Mailbox containing Manchester United fans taking defeat to Leicester pretty well, plus some long thoughts on Gerrard and Liverpool, plus Southampton congratulations...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property