The board

Exactly. It's genuinely nonsensical to have it sat in a bank account.

There aren't many industries that you can buy appreciating assets - particularly at such lucrative rates as football. Even taking £30m of that and investing it in 4 players of first team level you could turn that into £100m within 1-2 years quite easily - and it would put us nowhere near financial fair play breaches even including wages of say £30,000/week on those players (total £6.125m/year)

 

Im not sure where this goes next now.

Board have told the support that there is no issues with how club is run and no plans to change anything. They know whats best and support dont understand the complexities involved.

Support have rejected this and called no confidence.

By not accepting any failings at all or acknowledging that the clubs strategy and performance this last year has been substandard - they havent left themselves any wiggle room for compromise.

 

Motherwell putting this out today


Meanwhile our club put out a powder puff statement

 

If only the Celtic board were like this

 

The board don't have the right to call the derby with the huns the "Glasgow derby". They should call it the Old Firm because they are so * obsessed and tied together with them.

Why are they pretending not to be.

 

Full clip with Paul John Dykes on sky today

 

For me it’s he wants someone to make him an offer whilst not declaring for sale so he can get maximum value


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This will most likely go in the unpopular opinion dookit but I think it needs to be said;

I think we need to be brutally honest about the structure we’re dealing with here.

From a fan’s perspective, Celtic are infuriating: cautious in the market, reactive in Europe, seemingly a bunch of bumbling novices. But from a shareholder’s perspective, Celtic are one of the best-run sporting organisations in Britain. Debt-free, cash-rich, profitable year after year in a tiny TV market — you couldn’t design a safer investment if you tried.

And that’s the point: Celtic are a PLC. By law, the board’s first and overwhelming duty is to protect shareholder value. They can literally be sued if they can’t prove decisions were made in shareholders’ best interests. Fans write open letters, organise protests, demand “ambition” — but none of that changes the legal framework. To the board, “ambition” is is a £200 share price, not a deep run in Europe.

That mismatch of priorities is why every summer feels the same. Supporters want on field ambition first, shares second. Shareholders want share price first, trophies second. Neither side is wrong per se — but they’re not speaking the same language.

And here’s the hard truth: nothing changes until the shareholder profile changes. If fans want ambition to be the primary directive, then fans need to be majority shareholders — whether through the Celtic Trust or some other collective vehicle. Only then does “spending on the team” become “acting in shareholders’ best interests.”

Until that happens, open letters and protests won’t move the dial one millimetre. From the board’s perspective, they’re just noise outside the window of a very successful business.

Until supporters accept this, nothing changes.

If we don't change the shareholder profile or the share price we achieve the square root of F all.

And everyone says the statement was terrible. Well I checked the share price and it tells me that the statement and the transfer window was a resounding success (disclaimer: I do no think that personally).

 

You're 100% right.

People go as if Desmond left everything would be grand. Desmond is a huge problem but he owns 34% of the shares, the club is run without dissent, all the shareholders are aligned and it's going to attract new investors which he hold so much cash in the club.

The biggest single asset on our balance sheet is cash, so trying to convince an investor to buy cash with cash is a hard sale. There is no value in buying Celtic as the shareholders will see that cash as theirs - even though its not and they are going to want to either find a vehicle to get it out of the club into their bank accounts or for the new investors to pay a premium to buy that cash off them. We're actually * in generating new investors until such time as our cash position lowers significantly. Buying us right now would entail paying way above what the club is worth to get it.

 

Which makes me think the dinosaur that is dd and a still betting on a European super league or English football system invite

The projected amount when new tv deal comes around the spfl target was 50 million still needs to be significantly higher for Celtic to have anyone wanting to invest the amount of money that it will take to buy the club

Which then infuriates me to this about dermot literally killing the Atlantic league hoping for an epl invite that will never come

• Key Figures and Clubs: The proposal was supported by figures like Andrew Doyle, chairman of Shelbourne F.C. (Ireland), and had the approval of UEFA chairman Aleksandr Ceferin. However, it faced resistance, notably from Celtic F.C.’s chairman Dermot Desmond, who declined participation, causing the proposal to stall.

Above paragraph from grok

Ps grok has spfl tv deal possibly hitting 68 million when negotiations happens


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I agree with that

I'm absolutely firmly of the belief Desmond invested heavily in Celtic with the outlook of Celtic and Rangers being admitted to the EPL. He probably thought this would have happened by 2010 and he would then have looked to flip his Celtic holding for £500m or so. If we had access to EPL riches with our history, fanbase and having arguably the fiercest rivalry in world football then the club would have been valued well in excess of £1bn.

This didn't come to fruition and ever since then he has been a completely passive owner. He doesn't go to Glasgow, he doesn't go to games, can't be arsed attending board meetings of AGMs. He has checked out since MON left, the club is being run by the board, predominantly Peter Lawwell who I believe is the main driver and the Celtic we see today is the vision and craft of Peter Lawwell and his Tory like austerity. Desmond spends his days on the gold courses and like to try and woo the Irish big name every once in a while with his private jet and a few phone calls in between his time on the golf course.