A new two-part documentary short will tell the story of how Canadian businessman Fergus McCann saved Celtic from going out of business ahead of the…
A new two-part documentary short will tell the story of how Canadian businessman Fergus McCann saved Celtic from going out of business ahead of the takeover’s 30th anniversary next year.
The founder of the Celts For Change movement Matt McGlone is also interviewed in a reexamination of the club’s emergence from arguably the darkest period in its history. Discussing his role in the deal, Low, told the documentary: “I had two passions in life – one was music, one was Celtic.“I was an investment manager, and my job was to ascertain what companies were good to invest in. Fergus McCann was described to me as a slightly eccentric, very determined guy – a Celtic fan from Canada – and I should go and meet him.
In the late 1980s, the football world was changing – the game was becoming big business, on and off the field, with Sky Sports launching in 1989 and the Champions League launching in 1992. Aware something needed to change, the board proposed a new stadium on the outskirts of Glasgow, in Robroyston or Cambuslang. The proposed move came within a whisker of happening, threatening to rip Celtic out of its East End home and alter the course of the club's history forever.
This number was significant as it was below the estimated break-even threshold, for a club that could ill-afford to lose any more money.
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