Dermot Desmond

I really doubt the club is spending less or down sizing through choice.

Its not like we are sat with 100 million in the bank and just refusing to spend.
We are only doing what we have always done for the most part,and that is living within our means.
What most fans seem to want is the club to go back into debt and take higher risks.
Europe leagues and clubs have moved on and the splsplfplsplfplpsls seems to be one of the few to have gotten poorer or at best stood still.

 

We are refusing to spend. Look at the money from Wanyamna, VVD, FF, the CL campagins etc. A massive amount of money came in and yet we stood still and probably brought the wage bill down. All this * is making us profits years on year. * that * spend the money. Profit is a dirty word spend that *. Profit means there is a surplus in cash that is not being used to make our first 11 better.

I think people often forget that we are a football team, all the money and the bullshit and all the rest of it is there to make sure our team is the best it can be. Stone the * crows all I want is for us to spend our own money and I am being accused of wanting us to go into debt. Not spending it has actually cost us anyway in the failed CL campaigns.

 

I don't think we are hoarding money. Quite the opposite in fact.

When CL money and £10m player sales dry up we are going to be in the *.

We are being poorly run.

 

Theres some within the support that actually believe if we spend our earned money we will die.

 

No we are clearly not refusing to spend....we are just not spending it in the way some fans would like.

There is no point in spunking 10 million on a striker if the stadium makes ipox look like a new build.

The board have to spread the spending and if our signings had mostly turned out to be a vvd or wanyama everyone would be happy.

It not about what we spend but who we are spending it on as our gems have stopped turning up.

I have yet to see a end of year report when we have anything more than a few million in the bank....so again...it is being spent.

 

There are those within our support that think the club has tens of millions stashed away and just wont spend it.

 

I think the club has been paying off debts and improving around the grounds while it had the chance.

There is a reason we don't have a fat bank balance.

 

Who? Ill tell you one thing and thats we are turning over millions in profits and the expenditure is not being broken down or you could believe £10m goes on this sudden bonus scheme Og pointed out.

 

What debts? We got state money to do the Celtic way, you want to challenge me on this?

 

Og has in the past made remarks about the board taking money from the club and when pulled up on it by others on here he back peddled like a centipede on a tandem about to cycle over a cliff.

If the board are taking money they should be spending on the team/club then people much more in tune with accounting than the average fan will see it and it will come to light.

 

The Board from last years operating results took a total of £4m out of the Club. Og is correct and vindicated in his claims of the Boards self interest. Do you want the figures?

 

If it is money outside of wages and bonuses and something they are not entitled to then yes.

If its bonuses and wages the same as the players/manager and other staff get then no.

 

I hear he is quite a good golfer

 

If we was a golf course we would be sick of the sight of the man.

 

If that was the case wulliebad we would hope he gets a hole in one and we could all meet him at the 19th Hole!

 

No I didn't I merely defended myself against libelous accusations that I was suggesting something illegal was going on. I do not nor I have I ever suggested that something illegal was or is going on. I know this is not happening at all despite the picture people try to paint of me.

What I was suggesting was that there was little accountability in our outgoings. I have repeatedly highlighted the exceptional expenses that leave the club usually a couple of million and in one season ten million. I have come across some throw away line that it is in relation to bonus payments but bonus payments to whom, players, directors, external, or all, or none? We dont know and that is the problem. When 10m leaves our club in a season I want to know under what circumstances and how much every cent went and to whom.

I dont think this is unreasonable. What could our first team have done with an additional 10m investment at that critical time? If spent wisely I could be part of the internet Lawwell/Ronny brigade. You also mention that we are servicing debt with the money we made over the last few years. I have heard this before and I may have even started a thread or heavily contributed to an existing thread trying to find out the details but was unsuccessful. If we are paying off historical debt with our extra cash I would like to know about it, if only to ease the thought in my mind about why we are not spending despite a couple of seasons of record player sales and CL money that we apparently dont budget for.

So*rry for asking questions and trying to get to the bottom of why my club is blowing the best chance we have ever had of pulling away and why we implemented a policy of austerity when even a fool could see that small investment to push on was an intangible expense in terms of how our first team would be had we done it.

 

Im not trawling through you're post history to find the conversation you was having at the time.
But i seem to think the word you used was....syphoning...along with other words like...board...are.....but please correct me if i'm wrong.

When pulled up on it you went on some rambling crap about it meaning something else to you..blah blah blah.

Paint it how you like but most on here seen it for what it was.




As for the debt.

the club has a bank loans of around 12 million to be paid back by 2019 with minimum payment of 2 million per year.
And im sure i have seen in accounts payments of over 2 million.


So my original point was correct,the club are spending and not hoarding cash like some people think.
Spending badly...yes it could be better.

 

There is indeed mate , however they also haven't a clue about the difference between dividends and derivatives .. so there is no need to worry too much about their Thoughts on how to run a football club :smiley-laughing002:

 

He knows exactly what he was suggesting and shat himself when pulled up on it ,then went into hyper backtrack mode but as you say most of us know exactly the kind of poster he is by know

 

He is not even fooling himself never mind anyone else.:smiley-laughing002: