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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 (1,414,719 Views) | |
| QualityStreet1970 | 4 Mar 2016, 03:53 PM Post #6061 |
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First-team starter
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He bought shares, which he will be able to sell, after enjoying several years' worth of dividends. McCann took most of the risk out of Celtic as an "investment opportunity" by sinking a large part of his personal fortune in the takeover (along with several partners, of course), rebuilding the stadium and getting our house in order. Comparatively speaking, the money Desmond has spent on his Celtic was a side-bet that was virtually guaranteed to pay off. To be fair, though, I'm sure him and his wee pal Lawwell have managed to drive the share price down through their neglect, lack of vision and reckless downsizing. |
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| QualityStreet1970 | 4 Mar 2016, 03:55 PM Post #6062 |
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First-team starter
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[double post, apologies]
Edited by QualityStreet1970, 4 Mar 2016, 03:56 PM.
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| Farkakt AlteKaker | 4 Mar 2016, 03:59 PM Post #6063 |
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Crowded elevators smell different to midgets
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I never said that |
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| RoyAitken | 4 Mar 2016, 04:20 PM Post #6064 |
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Getting on a bit
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I remember on here a few months ago, there were mumblings of new investment, maybe even a new owner. Anything at all in this, anything going to come of it?
Edited by RoyAitken, 4 Mar 2016, 08:30 PM.
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| jamiebhoy76 | 4 Mar 2016, 04:23 PM Post #6065 |
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Club Captain
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One decent rumour and you get Mod privileges.
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| jamiebhoy76 | 4 Mar 2016, 04:23 PM Post #6066 |
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Club Captain
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I asked a while ago but it seems to have got stone cold. |
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| aldo | 4 Mar 2016, 04:52 PM Post #6067 |
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And that's the way we like it...
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No biggie in the grand scheme of things, but allow me to assure you I have no expectation of Dermo riding to the rescue, lest ye be labouring under the illiusion I am of the notion... |
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| sevilliano | 4 Mar 2016, 05:09 PM Post #6068 |
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Retired and now a BT Sports pundit
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There's no cult of DD merely recognition he's spent more than anyone else on Celtic - and yes part of that was buying McCann out when he was intent on leaving Without getting into a McCann v DD fight McCann made a fortune out of Celtic and left behind not one thin dime to academy He got a fair return off back of support and DDs passive investment of 4m DD took risk of buying chunk of McCann shares when support quite rightly didn't stump up He controls club and there are a good few issues on that and on PL control But he's hardly been bad for Celtic on whole and tbf to him he didn't want RD Personally I've met him a few times and disliked him but that shouldn't stand in way of a fair assessment Edited by sevilliano, 4 Mar 2016, 05:28 PM.
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| IainG | 4 Mar 2016, 05:10 PM Post #6069 |
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Ah but I was so much older then,I'm younger than that now
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So busy managing the business they have forgotten what the business is. |
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| Farkakt AlteKaker | 4 Mar 2016, 06:15 PM Post #6070 |
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Crowded elevators smell different to midgets
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Nah mate, with responsibility comes....er......more responsibility! I still never said that though Wonder what Jim Kerr and Bono are up to these days
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| ronny_is_not_da_man | 4 Mar 2016, 06:21 PM Post #6071 |
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Off treasure hunting in Holland
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DD has put more in than anyone??? My memory isnt what is used to be but didnt the fans raise £20m or so from a share issue? |
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| QualityStreet1970 | 4 Mar 2016, 06:45 PM Post #6072 |
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First-team starter
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He didn't want RD?! What, did that big bully Lawwell force him into hiring Ronny, is that it? Or maybe PL started waving those compromising photos about again. Poor aul' Dermot... If anybody wants to evaluate McCann's contribution to Celtic, look at the state the club was in when he arrived; and look at the state it was in when he left. Same goes for Desmond. He took over a club in good health, and right now it's in a tailspin: a shambles on the park, tumbleweeds blowing through the stands on match days. To be fair, though, he might turn things around completely before he sells up. It would require a coherent vision for the club, which might involve hiring an actual football professional at boardroom level. And he'd have to abandon the "risk-averse" policy of downsizing--which, as a lot of people suspected a long time ago, actually turned out to be a huge risk. Desmond might be able to turn the club around, if he focuses on it for once, or hires the right people to do so. Or he could just hand the shares to his boy, and let him try his luck at it. People seem to have the sense that something has to give, but if DD doesn't feel like changing anything, nobody can force him to. And it's not as if he'll have to face the supporters' anger in person. |
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| georgiesleftpeg | 4 Mar 2016, 06:57 PM Post #6073 |
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Everyone's Fantasy Football first pick
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Fair enough The cult bit was kinda tongue in cheek I still disagree, however, re his positive impact on the club (other than pushing for MoN, which was of course, a great decision). He's had a good run, out of what was not too risky an investment given his status, and even at todays share price he'd get out fine, taking into account the divi's he's had from the MoN preference share issue. I, too, have had the misfortune to be in the vicinity of his company, when he's been giving it the big-I-am , and splashing the drinks about. I also know people in Eire who have had business dealings, and the most common comment would be 'check your fingers if ye'v shook his hand' But I agree, personality is not the issue, which in his case is just aswell (given that he and Magnier appear to be well known as arrogant carrots, although JP seems to be a cut above).As for; "I suspect that the rise of the EPL, closed shop nature of the latter stages of the CL, the withering on the vine of the Europa League, the growth of the finances in the championship and foreign ownership of the clubs in this league, the ECA and the shenanigans at UEFA and FIFA have been the focus of our board as they scramble for a "corporate" solution for Celtic. What with the hun fiasco too it is not surprising that they have completely effed up football". Talk about damning with faint praise The sooner he agrees to sell his interest in the Celtic, the better for all concerned. Apart from SPLOB, of course
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| greenwhiteandold | 4 Mar 2016, 07:09 PM Post #6074 |
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Getting noticed in the reserves
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Most of what you say is valid but i`m not of the opinion that he`s done better for us than any other major shareholder would have done in his/her time here, Will his tenure go down as memorable or exciting in our history? i dont think so, If we are to progress further as a club we should have at the very least some one who is seen to be trying to promote us everywhere everytime,i dont think he does that either. Throughout history many scottish football clubs have had owners/chairmen/women who (although we didnt or dont agree with all/any of them) kept their clubs at the forefront of discussions, I cannot remember a positive feelgood story ever emanating from DDs lips thats been big news, We need a hands on major shareholder/owner not a ghost who appears every foggy tuesday from barbados. |
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| Busa Bhoy | 5 Mar 2016, 09:16 AM Post #6075 |
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First-team captain
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i dont really say too much on boardroom issues as i dont know too much about them. i just knew that the current scenario was the way theyd choose on knowing the huns demise. i knew they wouldnt spurge the cash making us untouchable. why dont they want to be light years ahead of others? is it embarrassing for the league? i understand that to win the past few leagues we didnt have to go out and spend loads to win it but youd have thought theyd be ramping it up for the upcoming season, smashing the hun time and time again. as i said in another post, if it had been the other way around, they would have their foot on our throats! not nice, but thats what i wanted us to do to those bastards! |
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| Novelty_Bauble | 5 Mar 2016, 02:25 PM Post #6076 |
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Considering retirement
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Maybe they are waiting till their old friends come back up and win the league, before they take any real action. Shouldn't take long the way things are going. |
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| BhoyRacer | 5 Mar 2016, 04:17 PM Post #6077 |
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Everyone's Fantasy Football first pick
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Wonder how Lawwell feels right now? Does he believe, like some of us, that we're in real danger of losing the title this year? If this were to happen, he and the rest of his cronies should be very very afraid. Then again, he might wake up every morning with that smug grin of his telling himself everything'll work out fine in the end. To me he seems completely out of touch with the rest of us, programmed into a certain way of thinking over the years, I've no doubt he grew up supporting Celtic but he's a money man now first and foremost, everything else is secondary. |
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| neilyboy7 | 5 Mar 2016, 04:19 PM Post #6078 |
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First team training
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Good podcast on BBC radio 4 - The Bottom Line - few weeks back talking about corporate boards and their inner workings. Basically a length of tenure for a CEO in a listed company is 5 years or there abouts. The guest quite rightly pointed out that longer than that then things get stale/the CEO has put in place his own 'yes men' and inevitably things go awry. Que the next CEO being brought in to fix the mess and the cycle repeats. Sound familiar? (Apart from the replacement part) |
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| pauldg1 | 5 Mar 2016, 04:20 PM Post #6079 |
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A spray tanned Furby, eating KFC and screaming at a Gold Star family
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I'm sure he's concerned. But I imagine the £1 million per year eases the pain. |
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| Mubo Loravcik | 5 Mar 2016, 04:30 PM Post #6080 |
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Retired and now a BT Sports pundit
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Even assuming that's true, he's not much of a money man considering the tens of millions we've failed to obtain despite very favourable routes to the Champions League. |
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