Celtic are a PLC

Dermot Desmond

Can somebody explain to me why this man, who is worth over 1.5 billion, yes BILLION, can't put a decent ammount of money into Lennons transfer budget?

I mean, am I missing something here? He is the major shareholder of Celtic Football Club. He has a responsibility to the club and to the fans.

Surely if he sees that we are in the state that we are having lost out on the league title for 3 seaosns in a row and having completely lost our status as a european force he should feel the need to give Lennon money to buy quality?

Or maybe he just doesnt really give a crap about the club?

Its nothing to do with Celtc being a plc because I spoke to a qualified lawyer who confirmed this and the fact that Mr Desmond just doesnt want to spend his money on the club...

IMO you should not be the majority shareholder of a football club if watching the team fail time and time again does not cause you enough pain to give the manager, what is to you, a tiny sum of money.

The fans probably spend more of a proportion of their earnings on the club than he does.

Sorry for the rant but I just feel that the board, and especially Mr Desmond, just dont care enough about the club.

Rant over

 

Im sure he does put a lot of money in.

 

I'd imagine he's playing it safe, by not spending too much. He has not been immune to the drop in the world's economy.

Saying that, I'd love him to shed a few million on a quality player or two to help drive the team forward. He's in his sixties, now. If he's a fan, surely he wants to give us a last golden chance at Europe?

 

then why does Lenny have no money to spend?

 

he ain't responsible for nothing mate, only that the account add up and every thing is above board, and he and the rest don't land in any trouble with vat or tax.

 

He probably puts a lot of money into other areas. Not just our transfer budget.

 

the club is being ran as a business not a football club the board are happy as long as there is no debt. as for dermot * knows what's going on there he is worth over 1 billion pounds and is 61 years old you'd think he'd maybe want to invest in something he "loves" but hey who am I to tell a man what to do with his fortune.

 

I think the reason he bought us was that he thought at the time we would either get into the EPL, or some form of European league would be formed. Now that he knows thats not gonna happen, he is not as interested.

 

Like what? Whatever expenses he has to pay, its nothing to him because he is woth over 1.5 billion pounds. I don't see why he can't give 10m to Lenny to buy players that would ensure not only the league title for the next few years but also European football which we havent had for the last 2 seasons. Sorry but I'm angry, and this is the only man who can make a real significant difference to our circumstances but just chooses not to.

 

Like what? All the costs are accounted for. Only thing he may have spent his own money on is Lennoxtown.

 

I guess it's business. We are in a poor league too. Big players don't want to play in the spl. We aren't a big attraction at the end of the day. Yea okay once
In a blue moon we get a keane or Bellamy but they are fir selling jerseys not to be an integral part of the future of the club. Gimmick signings really.It's a joke but that's the truth. SPL is pish and all the clubs in it are going down the drain. Not one team in Europe.

 

IMO by being the major shareholder of the club he has a responsibility to the club and the fans. Therefore IMO every fan has a right to demand that he spend more on the club when we are in a crisis.

If he wasnt willing to do that then why the * did he buy the club in the first place? Makes me angry

 

Im sure there's a good reason as to why he wouldn't. If I had the money that he had. I would put at least 15 million into Lennon's transfer budget every year.

 

when he bought into Celtic there where not many knocking him down in the rush. remember the old coughger Dempsey@ Kelly's, trying to get us down to cambuslang
selling the ground yep there where plenty mouths out then

 

He never bought the club.

 

There is no "good reason". Its just greed IMO. It makes me sick.

The fans put their heart and souls into supporting the club and these idiots behind the scenes who have the power to make a massive difference just sit there doing nothing. Its a joke. A complete and utter joke.

 

some call it Prudence mate

 

Despite having the wealth to own Celtic outright, Desmond has stopped short of taking full control of the club and, although his powerful influence on Celtic is indisputable, there is a fine distinction in his being Celtic's major and not majority shareholder.

"People have suggested to me that I make a bid for the club and take it private," he said. "I'm not saying that would never happen but I'm not interested in that because I think Celtic Football Club is a family. It's not about one family, it's about the greater diaspora of Celtic supporters and therefore I think it's better to have a broader level of ownership.

"I think about my investment in Celtic as an emotional investment rather than a pure financial investment. I'm not looking to sell my shares. I'm not looking to generate a return on my shares. My other financial investments give a rate of return over a period of time, whether that's three, four, five, six, seven or 10 years but I don't measure the rate of return on Celtic; that's not on the horizon. In terms of financial logic, it is not met."

 

Hes a *. Thats what is needed to save celtic right now and everyone and their Aunt Mildred knows it.

 

Interesting.