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The Board - general discussion (including Res 12); notes from the AGM
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Topic Started: 15 Jul 2014, 12:03 AM (1,414,751 Views)
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Maleys Spirit
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5 Jan 2016, 11:14 AM
Post #5421
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First name on the team-sheet
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- mick405
- 5 Jan 2016, 02:06 AM
- Maleys Spirit
- 5 Jan 2016, 12:31 AM
They punted my season ticket up almost £100 to compensate for the huns dying and dropping out, which to this day is one of the most unforgiveable, cynical acts of this board in the middle of a recession, they lost fans through sheer thoughtlessness or ruthlessness with that one .
I`ve kept going since as I`ve been an ST holder every season since 88-89, it kills me to think of not buying one again, but there is absolutely no chance I`m paying £600 to sit in the North stand and miss 3-4 games due to work commitments next season.There were 36 of us in a block from our CSC at one point there`s now 11 or 12 and dwindling, another £50 on it will see most of us off.
I can put up with bad seasons and bad managers, I`ve seen enough of them off, but people who run the club now are complacent, unimaginative and overpaid. They have no idea how to generate interest on and off the park and are happy to shrug,point the finger and blame external factors.
What section you in? Everyone I know got a reduction on their price rather than an increase. 402, they put it up c.£90 the season after they died. Reduced it £100 and put it back up £50 this season, another £50 puts it back to post hun apocalypse levels.
That increase at the time was quite possibly the worst ever business decision off the park in the last 15 years, not only were they losing a mass of ST holders who didn`t fancy the value without 4 big games versus them but they thought they could fleece the rest of us to compensate for the lost revenue and probably lost another raft of fans in the process. Terrible decision making.
Accountability and governance at the club seems to have lost it`s way with little comeback to individuals for poor decision making, the bottom line is king no matter how we get there, unfortunately.
EDIT- The waiting list wasn`t a myth either, my brother was on it for 2 seasons.
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Asgardstreasure
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5 Jan 2016, 11:42 AM
Post #5422
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Retired and now a BT Sports pundit
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- frankebhoy
- 5 Jan 2016, 12:59 AM
Lawwell says the board are managing decline ! the only thing that's not declining at Celtic is his financial package . Celtic should be light years ahead of sevco but look at the state of us , all due to lack of direction and ambition from the board . We have needlessly lost the revenue from Champions League football on far too many occasions under his direction , a bankrupt sevco pipped us to a number of titles and gained the serious cash while we were messing about trying to save a few hundred grand . (Fletcher for example). any other CEO would have been fired , instead this guy walks away with a £20 grand a week package........ no questions asked .
Sevco has never pipped us to a title as they have never competed with us for a title. Rangers (IL) did manage a few titles during the years which led to their liquidation however they were at that time fielding a team using tens of millions of pounds of tax payers' money. I think we are light years ahead of sevco. Sevco is already several million in debt and their stadium is falling apart at the seams. They are facing numerous law suits and will be subject to an onerous merchandising contract for at least 7 years. The sale of assets to sevco back in 2012 is now at risk of being set aside should guilty verdicts lead to that transaction being declared the proceeds of crime. Sir Craig also has a legal challenge ongoing in relation to the sale of assets. Sevco has made a multi million pound loss during every year since it was created. It survives on loans. It was kicked off the stock market and noone will touch it. The SFA is facing a legal challenge over its decision to declare the GASL a fit and proper person. It hardly needs to be said that the SFA will find it virtually impossible to justify that decision. Basically the rule book was tossed aside so as to allow the GASL in the door. Going forward Celtic have no litigation concerns at all. Our Chairman is not a convicted criminal. We operate a disciplined financial structure. Title to our stadium and training ground is not in dispute. There are no ongoing criminal proceeding against former board members. Our stadium is in great shape. However much we may complain about performances and results over the last while, we should not lose sight of the fact that Celtic is one of the best run clubs in the game with a history going back to 1888. Sevco is an effing basket which is just 3 years old and cannot pay its way.
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Estadio nacional
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5 Jan 2016, 12:09 PM
Post #5423
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Retired and now a BT Sports pundit
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- Asgardstreasure
- 5 Jan 2016, 11:42 AM
- frankebhoy
- 5 Jan 2016, 12:59 AM
Lawwell says the board are managing decline ! the only thing that's not declining at Celtic is his financial package . Celtic should be light years ahead of sevco but look at the state of us , all due to lack of direction and ambition from the board . We have needlessly lost the revenue from Champions League football on far too many occasions under his direction , a bankrupt sevco pipped us to a number of titles and gained the serious cash while we were messing about trying to save a few hundred grand . (Fletcher for example). any other CEO would have been fired , instead this guy walks away with a £20 grand a week package........ no questions asked .
Sevco has never pipped us to a title as they have never competed with us for a title. Rangers (IL) did manage a few titles during the years which led to their liquidation however they were at that time fielding a team using tens of millions of pounds of tax payers' money. I think we are light years ahead of sevco. Sevco is already several million in debt and their stadium is falling apart at the seams. They are facing numerous law suits and will be subject to an onerous merchandising contract for at least 7 years. The sale of assets to sevco back in 2012 is now at risk of being set aside should guilty verdicts lead to that transaction being declared the proceeds of crime. Sir Craig also has a legal challenge ongoing in relation to the sale of assets. Sevco has made a multi million pound loss during every year since it was created. It survives on loans. It was kicked off the stock market and noone will touch it. The SFA is facing a legal challenge over its decision to declare the GASL a fit and proper person. It hardly needs to be said that the SFA will find it virtually impossible to justify that decision. Basically the rule book was tossed aside so as to allow the GASL in the door. Going forward Celtic have no litigation concerns at all. Our Chairman is not a convicted criminal. We operate a disciplined financial structure. Title to our stadium and training ground is not in dispute. There are no ongoing criminal proceeding against former board members. Our stadium is in great shape. However much we may complain about performances and results over the last while, we should not lose sight of the fact that Celtic is one of the best run clubs in the game with a history going back to 1888. Sevco is an effing basket which is just 3 years old and cannot pay its way. F sevco and rangers, one club in 1000s died in exceptional yet brilliant circumstances, 'we should not lose sight that we are well run/not died' Celtic are still alive like 99.999% of football clubs world wide. Hardly a thing to be celebrated Peter.
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shugmc
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5 Jan 2016, 12:30 PM
Post #5424
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"Beware the dead hun." Godwin's Lawwell.
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paulfg42
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5 Jan 2016, 12:32 PM
Post #5425
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Fiat justitia ruat caelum
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- Asgardstreasure
- 5 Jan 2016, 11:42 AM
- frankebhoy
- 5 Jan 2016, 12:59 AM
Lawwell says the board are managing decline ! the only thing that's not declining at Celtic is his financial package . Celtic should be light years ahead of sevco but look at the state of us , all due to lack of direction and ambition from the board . We have needlessly lost the revenue from Champions League football on far too many occasions under his direction , a bankrupt sevco pipped us to a number of titles and gained the serious cash while we were messing about trying to save a few hundred grand . (Fletcher for example). any other CEO would have been fired , instead this guy walks away with a £20 grand a week package........ no questions asked .
Sevco has never pipped us to a title as they have never competed with us for a title. Rangers (IL) did manage a few titles during the years which led to their liquidation however they were at that time fielding a team using tens of millions of pounds of tax payers' money. I think we are light years ahead of sevco. Sevco is already several million in debt and their stadium is falling apart at the seams. They are facing numerous law suits and will be subject to an onerous merchandising contract for at least 7 years. The sale of assets to sevco back in 2012 is now at risk of being set aside should guilty verdicts lead to that transaction being declared the proceeds of crime. Sir Craig also has a legal challenge ongoing in relation to the sale of assets. Sevco has made a multi million pound loss during every year since it was created. It survives on loans. It was kicked off the stock market and noone will touch it. The SFA is facing a legal challenge over its decision to declare the GASL a fit and proper person. It hardly needs to be said that the SFA will find it virtually impossible to justify that decision. Basically the rule book was tossed aside so as to allow the GASL in the door. Going forward Celtic have no litigation concerns at all. Our Chairman is not a convicted criminal. We operate a disciplined financial structure. Title to our stadium and training ground is not in dispute. There are no ongoing criminal proceeding against former board members. Our stadium is in great shape. However much we may complain about performances and results over the last while, we should not lose sight of the fact that Celtic is one of the best run clubs in the game with a history going back to 1888. Sevco is an effing basket which is just 3 years old and cannot pay its way. What's that got to do with the shampoo we're being served up on the park?
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Big_dave_greenock_1888
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5 Jan 2016, 01:13 PM
Post #5426
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I could be wrong but Im sure as a board member Desmond still takes a salary per annum of around 50 grand from the club. Small fry for him but plenty for us plebs.
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Gerinho
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5 Jan 2016, 01:36 PM
Post #5427
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- Big_dave_greenock_1888
- 5 Jan 2016, 01:13 PM
I could be wrong but Im sure as a board member Desmond still takes a salary per annum of around 50 grand from the club. Small fry for him but plenty for us plebs. Sure the last accounts showed a £25k salary
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Gerinho
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5 Jan 2016, 01:39 PM
Post #5428
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- AntonRogansRightBoot
- 5 Jan 2016, 04:28 AM
Now that my boy has turned 16 and is no longer on the child ticket rates, our attendance of games will be drastically reduced. It's just not value for money at those prices, especially taking into account the facilities inside the ground are terrible and have been for years. Adding more lukewarm food does not equal better facilities.
I think next season could genuinely see me not attending a game at all if nothing changes :/ Get the boy to phone Obafemi Martins' agent and he can be 15 again
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AntonRogansRightBoot
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5 Jan 2016, 01:44 PM
Post #5429
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It's just there for standing on
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- Gerinho
- 5 Jan 2016, 01:39 PM
- AntonRogansRightBoot
- 5 Jan 2016, 04:28 AM
Now that my boy has turned 16 and is no longer on the child ticket rates, our attendance of games will be drastically reduced. It's just not value for money at those prices, especially taking into account the facilities inside the ground are terrible and have been for years. Adding more lukewarm food does not equal better facilities.
I think next season could genuinely see me not attending a game at all if nothing changes :/
Get the boy to phone Obafemi Martins' agent and he can be 15 again if it was mental age, both of us would still be on kids rates...
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Gerinho
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5 Jan 2016, 02:09 PM
Post #5430
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- AntonRogansRightBoot
- 5 Jan 2016, 01:44 PM
- Gerinho
- 5 Jan 2016, 01:39 PM
- AntonRogansRightBoot
- 5 Jan 2016, 04:28 AM
Now that my boy has turned 16 and is no longer on the child ticket rates, our attendance of games will be drastically reduced. It's just not value for money at those prices, especially taking into account the facilities inside the ground are terrible and have been for years. Adding more lukewarm food does not equal better facilities.
I think next season could genuinely see me not attending a game at all if nothing changes :/
Get the boy to phone Obafemi Martins' agent and he can be 15 again
if it was mental age, both of us would still be on kids rates...
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Lobey Dosser
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5 Jan 2016, 02:20 PM
Post #5431
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- paulfg42
- 5 Jan 2016, 12:32 PM
- Asgardstreasure
- 5 Jan 2016, 11:42 AM
- frankebhoy
- 5 Jan 2016, 12:59 AM
Lawwell says the board are managing decline ! the only thing that's not declining at Celtic is his financial package . Celtic should be light years ahead of sevco but look at the state of us , all due to lack of direction and ambition from the board . We have needlessly lost the revenue from Champions League football on far too many occasions under his direction , a bankrupt sevco pipped us to a number of titles and gained the serious cash while we were messing about trying to save a few hundred grand . (Fletcher for example). any other CEO would have been fired , instead this guy walks away with a £20 grand a week package........ no questions asked .
Sevco has never pipped us to a title as they have never competed with us for a title. Rangers (IL) did manage a few titles during the years which led to their liquidation however they were at that time fielding a team using tens of millions of pounds of tax payers' money. I think we are light years ahead of sevco. Sevco is already several million in debt and their stadium is falling apart at the seams. They are facing numerous law suits and will be subject to an onerous merchandising contract for at least 7 years. The sale of assets to sevco back in 2012 is now at risk of being set aside should guilty verdicts lead to that transaction being declared the proceeds of crime. Sir Craig also has a legal challenge ongoing in relation to the sale of assets. Sevco has made a multi million pound loss during every year since it was created. It survives on loans. It was kicked off the stock market and noone will touch it. The SFA is facing a legal challenge over its decision to declare the GASL a fit and proper person. It hardly needs to be said that the SFA will find it virtually impossible to justify that decision. Basically the rule book was tossed aside so as to allow the GASL in the door. Going forward Celtic have no litigation concerns at all. Our Chairman is not a convicted criminal. We operate a disciplined financial structure. Title to our stadium and training ground is not in dispute. There are no ongoing criminal proceeding against former board members. Our stadium is in great shape. However much we may complain about performances and results over the last while, we should not lose sight of the fact that Celtic is one of the best run clubs in the game with a history going back to 1888. Sevco is an effing basket which is just 3 years old and cannot pay its way.
What's that got to do with the shampoo we're being served up on the park? Hmmm that crossed my mind too.
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QualityStreet1970
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5 Jan 2016, 02:45 PM
Post #5432
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- Gerinho
- 5 Jan 2016, 01:36 PM
- Big_dave_greenock_1888
- 5 Jan 2016, 01:13 PM
I could be wrong but Im sure as a board member Desmond still takes a salary per annum of around 50 grand from the club. Small fry for him but plenty for us plebs.
Sure the last accounts showed a £25k salary I was saying recently, even if DD ends up having to sell his shares at some kind of discounted price, the money he's taken out of the club every year will mean that the initial investment was more than worthwhile for him. All things considered, Celtic was the safest bet on the market for Desmond--because of the huge personal risk Fergus McCann had already taken, and all the hard work he put in to back up his vision for the club. A truly depressing thought.
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Willie Wonka
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5 Jan 2016, 03:01 PM
Post #5433
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Slavery fled, oh glorious dead
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- QualityStreet1970
- 5 Jan 2016, 02:45 PM
- Gerinho
- 5 Jan 2016, 01:36 PM
- Big_dave_greenock_1888
- 5 Jan 2016, 01:13 PM
I could be wrong but Im sure as a board member Desmond still takes a salary per annum of around 50 grand from the club. Small fry for him but plenty for us plebs.
Sure the last accounts showed a £25k salary
I was saying recently, even if DD ends up having to sell his shares at some kind of discounted price, the money he's taken out of the club every year will mean that the initial investment was more than worthwhile for him. All things considered, Celtic was the safest bet on the market for Desmond--because of the huge personal risk Fergus McCann had already taken, and all the hard work he put in to back up his vision for the club. A truly depressing thought. £4m in the first share issue, around £4m again buying out Fergus and around £10m in 2001, plus whatever he put in as part of the 2005 issue.
Take a lot of dividends and £25kpa to get that back. I'm not defending DD, but we could do worse.
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Midfield Maestro
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5 Jan 2016, 03:20 PM
Post #5434
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Retired and now a BT Sports pundit
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- QualityStreet1970
- 5 Jan 2016, 02:45 PM
- Gerinho
- 5 Jan 2016, 01:36 PM
- Big_dave_greenock_1888
- 5 Jan 2016, 01:13 PM
I could be wrong but Im sure as a board member Desmond still takes a salary per annum of around 50 grand from the club. Small fry for him but plenty for us plebs.
Sure the last accounts showed a £25k salary
I was saying recently, even if DD ends up having to sell his shares at some kind of discounted price, the money he's taken out of the club every year will mean that the initial investment was more than worthwhile for him. All things considered, Celtic was the safest bet on the market for Desmond--because of the huge personal risk Fergus McCann had already taken, and all the hard work he put in to back up his vision for the club. A truly depressing thought. If Desmond had been looking for a safe bet, he wouldn't have invested in a football club.
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greenwhiteandold
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5 Jan 2016, 04:19 PM
Post #5435
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Getting noticed in the reserves
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- Midfield Maestro
- 5 Jan 2016, 03:20 PM
- QualityStreet1970
- 5 Jan 2016, 02:45 PM
- Gerinho
- 5 Jan 2016, 01:36 PM
Quoting limited to 3 levels deep
I was saying recently, even if DD ends up having to sell his shares at some kind of discounted price, the money he's taken out of the club every year will mean that the initial investment was more than worthwhile for him. All things considered, Celtic was the safest bet on the market for Desmond--because of the huge personal risk Fergus McCann had already taken, and all the hard work he put in to back up his vision for the club. A truly depressing thought.
If Desmond had been looking for a safe bet, he wouldn't have invested in a football club. If he`s not in for the money and it looks like he`s not in for the supporting part what is he in for then ?
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shugmc
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5 Jan 2016, 04:34 PM
Post #5436
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- greenwhiteandold
- 5 Jan 2016, 04:19 PM
- Midfield Maestro
- 5 Jan 2016, 03:20 PM
- QualityStreet1970
- 5 Jan 2016, 02:45 PM
Quoting limited to 3 levels deep
If Desmond had been looking for a safe bet, he wouldn't have invested in a football club.
If he`s not in for the money and it looks like he`s not in for the supporting part what is he in for then ? Sh*ts and giggles.
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Big_dave_greenock_1888
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5 Jan 2016, 04:35 PM
Post #5437
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- greenwhiteandold
- 5 Jan 2016, 04:19 PM
- Midfield Maestro
- 5 Jan 2016, 03:20 PM
- QualityStreet1970
- 5 Jan 2016, 02:45 PM
Quoting limited to 3 levels deep
If Desmond had been looking for a safe bet, he wouldn't have invested in a football club.
If he`s not in for the money and it looks like he`s not in for the supporting part what is he in for then ? That premiership pipe dream that never happened
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adammce
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5 Jan 2016, 05:15 PM
Post #5438
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- Asgardstreasure
- 5 Jan 2016, 11:42 AM
- frankebhoy
- 5 Jan 2016, 12:59 AM
Lawwell says the board are managing decline ! the only thing that's not declining at Celtic is his financial package . Celtic should be light years ahead of sevco but look at the state of us , all due to lack of direction and ambition from the board . We have needlessly lost the revenue from Champions League football on far too many occasions under his direction , a bankrupt sevco pipped us to a number of titles and gained the serious cash while we were messing about trying to save a few hundred grand . (Fletcher for example). any other CEO would have been fired , instead this guy walks away with a £20 grand a week package........ no questions asked .
Sevco has never pipped us to a title as they have never competed with us for a title. Rangers (IL) did manage a few titles during the years which led to their liquidation however they were at that time fielding a team using tens of millions of pounds of tax payers' money. I think we are light years ahead of sevco. Sevco is already several million in debt and their stadium is falling apart at the seams. They are facing numerous law suits and will be subject to an onerous merchandising contract for at least 7 years. The sale of assets to sevco back in 2012 is now at risk of being set aside should guilty verdicts lead to that transaction being declared the proceeds of crime. Sir Craig also has a legal challenge ongoing in relation to the sale of assets. Sevco has made a multi million pound loss during every year since it was created. It survives on loans. It was kicked off the stock market and noone will touch it. The SFA is facing a legal challenge over its decision to declare the GASL a fit and proper person. It hardly needs to be said that the SFA will find it virtually impossible to justify that decision. Basically the rule book was tossed aside so as to allow the GASL in the door. Going forward Celtic have no litigation concerns at all. Our Chairman is not a convicted criminal. We operate a disciplined financial structure. Title to our stadium and training ground is not in dispute. There are no ongoing criminal proceeding against former board members. Our stadium is in great shape. However much we may complain about performances and results over the last while, we should not lose sight of the fact that Celtic is one of the best run clubs in the game with a history going back to 1888. Sevco is an effing basket which is just 3 years old and cannot pay its way. So we should be thankful that our club isn't mismanaged to the point of bankruptcy? YAAAAAASSSSSSSSSSS.
To be honest mate, reading big essays about how we compare to some diddy team with shampooe views on the world is utterly pointless. We all know everything you posted; it's not some "oh aye!" moment that most of us never considered.
It's just irrelevant - they were cheating bams, so why should we give ourselves a big pat on the back? Because our board find more creative and genuinely legal ways to rip the piss out the fans?
Sorry but it's not worth celebrating. At all. If you can cheer yourself up from the footballing poverty that Celtic currently resides in by writing big essays about how effed they are, then I'm delighted for you. Sadly, most of us aren't so easily pleased.
The ONLY good thing about the way Celtic is run is that we'll never go bust. I don't mean to have a go at you personally but way too many people use this as some kind of example of how well-governed we are. We might not be run by Dave King, but the people sitting on the board today are about as far from what we expect from Celtic board members as you can get. I'd rather concentrate on finding a way to fix Celtic' serious structural problems rather than giving these people a free pass because they aren't dodgy .
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Gerinho
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5 Jan 2016, 05:18 PM
Post #5439
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- greenwhiteandold
- 5 Jan 2016, 04:19 PM
- Midfield Maestro
- 5 Jan 2016, 03:20 PM
- QualityStreet1970
- 5 Jan 2016, 02:45 PM
Quoting limited to 3 levels deep
If Desmond had been looking for a safe bet, he wouldn't have invested in a football club.
If he`s not in for the money and it looks like he`s not in for the supporting part what is he in for then ? Probably many reasons
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QualityStreet1970
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5 Jan 2016, 05:51 PM
Post #5440
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- Willie Wonka
- 5 Jan 2016, 03:01 PM
- QualityStreet1970
- 5 Jan 2016, 02:45 PM
- Gerinho
- 5 Jan 2016, 01:36 PM
Quoting limited to 3 levels deep
I was saying recently, even if DD ends up having to sell his shares at some kind of discounted price, the money he's taken out of the club every year will mean that the initial investment was more than worthwhile for him. All things considered, Celtic was the safest bet on the market for Desmond--because of the huge personal risk Fergus McCann had already taken, and all the hard work he put in to back up his vision for the club. A truly depressing thought.
£4m in the first share issue, around £4m again buying out Fergus and around £10m in 2001, plus whatever he put in as part of the 2005 issue. Take a lot of dividends and £25kpa to get that back. I'm not defending DD, but we could do worse. DD paid all that dough for shares in Celtic, which he'll be able to sell if and when he ever decides to leave. No idea what the share price is like as of 1/2016, but if the current decline continues, the shares will surely be dropping in value for a while. Even so, when all is said and done, I seriously doubt if Desmond will have any cause to regret making this minor side bet. Unless he starts feeling guilty about... nah, that won't happen.
Somebody was making the point that no football club is a safe bet. Well it's definitely more like showbusiness than actual business, and the people who get involved don't generally expect to make a fortune. (Or indeed much of anything.) But think of the bet that McCann made. Then compare that to Desmond's Celtic wager--when he came in, a huge and loyal (!) support had been galvanised by stopping the 10, and seeing Fergus building CP up to 60,000 capacity after rescuing the club from the bailiffs (so to speak). Not many people get the chance to invest in clubs that are in such good shape. (The support/season-book sales being the biggest part of it, of course.) I think the greatest testament to that is that the club has been able to withstand some ridiculous mismanagement and still stay relatively solid. Until now: God knows how much damage the Deila dalliance is going to cause, but a lot of the aforementioned goodwill has been torched, and a lot of supporters are being driven away.
Interesting times. Or maybe not.
[EDIT for general illiteracy.]
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