Celtic Statement

You will be able to buy Celtic shares via any regular investment platform. If you hold ordinary shares you will be able to vote yourself. I am not sure if platforms help you confirm a proxy but probably do.

 

If you open an account on Hargreaves Lansdown or AJ Bell, Celtic PLC shares are available for anyone to buy. Other apps like Trading212 and eToro don't have them available.

 

To me the length of the statement for what they put out there shows they don’t even believe in it. It was massively padded out with contradictions and fluff FSR, is not relevant right now nor should it need to be.

Those minutes of the meeting are worse

- World class
- a champions league team
- sustainable

I would argue the actions of those people making the investment decisions jeopardise all three. World class how about let’s tackle competent first; a champions league team we will never have a better opportunity to be fully prepared and give ourselves a near 90% chance of qualifying than we had this summer. Knew the draw at least two weeks before our tie so knew it was a favourable one and instead of pressing on we seemed to do the opposite.

Manager signing off on players and getting the ones he wants are two entirely different things. See if your bothering him with deals that he sees as pocket change and not in his plans he will likely view those as whatever get them out the way and get on with what I need you to do.

Transfers are hard and the big bad media don’t make it easy for us with their misinformation. Neither do big bad agents. Our CEO and Finance Director pocket salaries and bonuses of about £850k and £600k+, I would expect their jobs to be somewhat challenging hence why they get paid those sort of sums.

We spend way more than reported, I don’t see how that is possible this time around, they can’t pad numbers with new deals and sign ons we only actually had to negotiate a fee over £1.5m for two players and it took us the full window to do that. We signed four free agents two of which were pretty much done before the summer and one after the deadline, two boys from Japan, where the teams largely let their players leave for a small fee.

They turned down deals for Millions of pounds. Yeah most think they should have been sold too as a player trading club but you had to turn those deals down as we literally got to a point of struggling to field a competitive team.

The minutes come out and it literally hasn’t even survived the weekend without a no confidence vote as the supporter association and supporters clubs just see right through their waffle.

Better communication, there’s an app coming? Like what has that actually got to do with anything? It will probably just be to try sell more stuff. How about our well paid CEO actually grows a set and comes out and communicates a genuine strategy for the club. Tell us where does he want the club to be in a years time, 3-5 years and 10 years?

What is our ambition? Not stupid statements about world class and a champions league team. That means nothing, especially when you’ve just oversaw the team getting put out by a minnow with a fraction of your resources because you won’t use them appropriately.

Even tried to have a pop at fan media about media invites.

 

Cheers,,didn't realise anyone could do that..

 

Not true. Celtic is a publically trading company (PLC) on the stock exchange.

That means that they can be bought publically.

 

Aye, mate I've already been corrected..

Wasn't aware anyone could buy them.. think the issue is they are quite scarce for any major investor to make a difference.

 

To get a holding substantial enough would be problematic, no question. DD holds 34.8%, and the rest of the Board either own or control by proxy a little under 14%, taking that up to approx 48.4%.

With the support of any one of a number of investors with a portfolio holding of as little as 2% takes it over 50%, and there are quite a few - including John J Fisher (who owns The GAP and H&M, Oakland A's etc), John Mark Keane (a big noise in the wool industry), Chris Trainer, (who is big in advertizing), as well as Michael Linsdell and Nick Train, (who also have significant holdings in Man U, Juventus and a bunch of other sporting brands and tech).

There are others, but the point is literally even one of the above siding with DD & the existing Board is enough to ensure the controlling interest remains, and while fan groups and investors might want to have their say, these types of people who have the sort of holdings that can make a difference do lots of business with DD across all sorts of platforms and businesses, not just regarding Celtic, are unlikely to want to cross DD or make a potential enemy.

 

There is a rumour Chris Trainer is open to change at the club, owns 10% but not involved with the running of the club.

 

Should we not be aiming for at least 5-10 percent, so we are at least represented during meetings or decisions? Again , I'm not exactly well versed in how the club politics work

 

All those I named are not actively involved in running the Club, just the holdings they have. And if that is true of Trainer that may be one and it is interesting, if true... but as I said, literally even one of the above of those that sides with DD & the Board and it likely becomes an exercise in futility. At best what is being suggested is a proxy war for the controlling interest in Celtic, and that could provide a complete and total breakdown and civil war, which is infinitely worse than the situation we currently have.

 

He votes alongside the rest of the board so that’s not entirely accurate.

However, he’s the only significant shareholder on the board that isn’t Desmond (a multi billionaire) or an investment company. That might mean little but it’s rumoured that he values the shares from a monetary point of view, as he’s not an incredibly wealthy man. He’s a multi millionaire but he’s not worth hundreds of millions so an investment in Celtic worth £20m or so means a whole lot more to him than it does other shareholders. He won’t want to see the share price dropping significantly, that’s for sure.

 

Disappointed they haven’t joined the rest of the groups by voicing they have no confidence in the board.

It probably doesn’t mean much but it shows togetherness.

 

They have really backed themselves into a corner with their statement and refusal to acknowledge any failures.

I guess that means they are closing ranks and preparing for a scrap with the support. Sacking anyone now seems unlikely as that would be admitting they made a mistake.

Can see them trying to frame the support as entitled, childish and out of order now the more the pressure ramps up. And since they know Rodgers is away end of season now they will prob start framing him as the problem and trying to make him the scapegoat. Bet we start seeing leaked reports of how Rodgers wouldnt sanction this or wouldnt make his mind up on that while everyone else at the club was "working 24/7 on deals".

 

There's 10% of what's believed, fan shares out there mate. Many have been lost when relatives have died, the Trust are trying to reunite those shares with relatives now..

There's a bit more detail in the Celtic Trust/Fan Ownership Thread .

Like I say im no expert, but it seems to me the Trust needs new impetus to get the message across. It tends to only come to the forefront in times like these.. and loses traction when we are having success..

That's not the fault of the Trust, thats just football fans in general when things are going well on the pitch.

 

Aye surprised at that


But at least this puts pressure on Celtic now

 

Someone now will have to go under the bus id suspect. Probably the CEO

Sent from my Pixel 8 Pro using Tapatalk

 

Realistically if Desmond doesnt want to sell there is no realistic way of him losing control or fans taking over a meaningful number of shares. Just isnt going to happen for various reasons. Would need him to be disqualified as a director for him to be forced to step off the board if he doesnt want to leave.

Protests, votes of no confidence, etc, are all symbolic but dont move the dial at board level sadly.

 

Aye, they all vote woth DD just now and it is only a rumour.. but surely must be weighing things up with his investment. Like you say he's a millionaire nor a billionaire.. but its probably less risky sticking with DD, for now at least.

 

This is pretty much what I have been saying in my own, albeit much more long winded, way, lol.