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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 (1,414,603 Views) | |
| aldo | 13 Jul 2016, 05:28 PM Post #8381 |
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And that's the way we like it...
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I seem to recall a suggestion way back in this thread that a particular category of shareholder is due a payout when the team qualifies for proper. Is this so, or have I imagined reading that? |
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| georgiesleftpeg | 14 Jul 2016, 07:39 AM Post #8382 |
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Everyone's Fantasy Football first pick
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Aye. But those were the special preference dividend shares (or whatever they were called), issued when MoN was still manager, post-Seville if memory serves, Quinn was still chairman at the time. Anyway, the terms of those (extra divi's paid for group stage, last sixteen, etc) lapsed a while back and they converted to normal shares. Coincidentally, just around the time that Dick Dastardly totally lost interest... |
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| redbhoy | 14 Jul 2016, 07:45 AM Post #8383 |
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Whit's the goalie daein?!
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Surely any dividend on them would be pocket change to Desmond. |
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| georgiesleftpeg | 14 Jul 2016, 08:23 AM Post #8384 |
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Everyone's Fantasy Football first pick
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Ah, the old, it's only pocket change to a billionaire line I know someone who bought £5k worth of those shares, and reckons that with all the dividends and guaranteed values at the end of the share offers life, they made around 20% - 25% on their money! Dastardly bought (from memory) around £4m worth (his 'pals', Eddie Jordan and the like) pitched in with around £6m worth from memory. That's around a £2m - £2.5m return, on those figures. With the added bonus that it gave our pocket-change squillionaire a controlling interest over our shareholding, without having to stump up the money to all the smaller shareholders, thereby circumventing corporate law in one move, whilst pocketing some loose change in the process. A good bit of business, by any carpet-baggers standards
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| Moey 67 | 14 Jul 2016, 10:15 AM Post #8385 |
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Club Captain
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This is interesting. I've asked before about the amount of dividend payments DD has received over the years. Especially since his dream of 'cashing out' if Celtic joined the EPL was extinguished. |
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| Hoops For Me All The Way | 15 Jul 2016, 01:09 AM Post #8386 |
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You want equality? Consider if that person feels Equal.
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Sorry for not replying sooner. Deila should have been kicked out when he announced his time was up. You're right to mention Collins and Kennedy, but they should have been kicked into touch at the same time. Collins was a waste of time. Kennedy got a promotion he should not have had and been used elsewhere. Now. Everyone on here knew that this stupid and vastly expensive experiment had ceased being practical long ago, long before the announcement. I have long advised forward planning and the Board are singularly adept at skipping that sensible approach. That's been proven time and time again. Our "esteemed board" had more than enough capability to resolve this early and appoint the man the wanted. Yes, we all know what Rodgers said. I think it is not out with their powers to have gotten him in early. Money talks and Rodgers wanted to come here. They could and should have done it. It's asking the impossible to bring him in when we did and expect him to kick folk out, bring in new recruits and introduce his way of thinking. That takes time and it's something we did not have when embarking on a CL GS qualification. I accept what you say, I just disagree with it. Nothing is impossible if it something you need badly. And we needed it more than anyone else and perhaps more so than in recent times, |
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| adammce | 15 Jul 2016, 01:17 AM Post #8387 |
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Send in....the clowns!
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I agree that he should have went earlier as the last period was kind of horrible, last day aside. However, I was referring specifically to the idea of getting Rodgers in. I'm fairly certain that, had he come in earlier, it would have been a bad move. That time off was genuinely needed. Given he's already loaded (have you seen his real estate portfolio?) I doubt we could have swayed him with money. He's on a good deal now with us, but even if we doubled that he could have gotten more from a Villa or Sunderland if it was just down to money to kill his sabbatical. Just my opinion, anyway .Either way, if they wanted Rodgers it was always going to be a later start with him. That was the gamble, I guess! Edited by adammce, 15 Jul 2016, 01:19 AM.
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| Hoops For Me All The Way | 15 Jul 2016, 01:26 AM Post #8388 |
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You want equality? Consider if that person feels Equal.
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Thanks. I think Rodgers could have taken the allocate for winning the league. That might have meant a lot to him. But vitally, given him time to prepare the groundwork. The board could easily have explained all those reason to him, and stuff we are not privy to, and it might have swayed him. I know his appointment was not about cash, otherwiwise he would not be here. He's a fan, he wanted to come. I believe he would have seen the sense in that approach rather than the horrendous situation he finds himself in, and up against the clock. If he does not get to the GS there will be the usual fickle fans clamouring for blood. The situation was perfectly visible and if nuts on here can see it, I include myself in that, then I would hope our Board would better. The fact they did not, perhaps speaks volumes. But time will tell. |
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| Estadio nacional | 16 Jul 2016, 08:53 AM Post #8389 |
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Retired and now a BT Sports pundit
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Got to have sympathy for the CEO, these vital CL games have come too soon, hes only had a year to sort things out for a better attempt at qualifying... Every year at this time has shown the idea of signing players after CL qualifiers is fundamentally flawed, sign the players needed for the vital CL qualifiers. New manager is great but working under the conniving failure that is lawwell balances that, hope BR went storming into lawwell after that game last week. If we get past the Imps whens the deadline for next round? Cant find it on Uefa site or elsewhere.
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| san meegs | 16 Jul 2016, 09:21 AM Post #8390 |
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...
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Read it was this Friday. We can buy as much as we can (ha!) till then. After that, I think it's one wild card up until the day before the game. |
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| VerdeYBlanco | 16 Jul 2016, 09:35 AM Post #8391 |
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Considering retirement
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11pm on Thursday
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| Midfield Maestro | 16 Jul 2016, 09:46 AM Post #8392 |
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Retired and now a BT Sports pundit
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That's not "circumventing corporate law". That's £6 million invested straight into the club rather than in the pockets of other shareholders, which is the whole point of a share issue. |
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| san meegs | 16 Jul 2016, 09:46 AM Post #8393 |
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...
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Cheers Only an hour out technically
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| Estadio nacional | 16 Jul 2016, 12:34 PM Post #8394 |
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Retired and now a BT Sports pundit
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F5 button Thursday as the sharp suited man gets us the players we need.....
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| paulfg42 | 16 Jul 2016, 01:23 PM Post #8395 |
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Fiat justitia ruat caelum
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Save yourself the RSI.
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| jmhgg | 20 Jul 2016, 01:00 PM Post #8396 |
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First-team starter
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Peter Lawwell, Ann Budge and Leeann Dempster appointed to SPFL Board. |
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| georgiesleftpeg | 20 Jul 2016, 03:43 PM Post #8397 |
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Everyone's Fantasy Football first pick
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Oh, I see. So the fact that Desmond managed to get over the threshold to control the voting of the board, without having to offer a price for all of the small shareholders stock, was purely incidental to all of this? |
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| Midfield Maestro | 20 Jul 2016, 04:15 PM Post #8398 |
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Retired and now a BT Sports pundit
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He doesn't control the voting of the board himself. He is, though, a director and the largest single shareholder, which is different. He has been the single biggest investor in the club since Fergus came in and he has become the majority shareholder precisely because he has put more money into the club than anyone else (and also because he underwrote the sale of Fergus' shares). So, regardless of what you consider "purely incidental", my point is that he hasn't "circumvented corporate law" at all. He has invested in share issues, which means he has put money directly into the club. There are rules about having to offer a price for small shareholders' stock. |
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| Mubo Loravcik | 21 Jul 2016, 11:18 PM Post #8399 |
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Retired and now a BT Sports pundit
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20th May - Celtic appoint Brendan Rodgers to critical acclaim, which leads to season ticket sales galore 21st July - Celtic have signed a grand total of 1 player, for around £0.5m I have to admire their chutzpah |
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| mon#1 | 21 Jul 2016, 11:55 PM Post #8400 |
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Lyon here we come
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In my job I get paid for doing f#%* all to be honest. But Peter Lawwell...Peter Lawwell get a near half a million bonus for doing proper f#%* all!! |
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I agree that he should have went earlier as the last period was kind of horrible, last day aside. However, I was referring specifically to the idea of getting Rodgers in. I'm fairly certain that, had he come in earlier, it would have been a bad move. That time off was genuinely needed. Given he's already loaded (have you seen his real estate portfolio?) I doubt we could have swayed him with money. He's on a good deal now with us, but even if we doubled that he could have gotten more from a Villa or Sunderland if it was just down to money to kill his sabbatical. Just my opinion, anyway
whens the deadline for next round? Cant find it on Uefa site or elsewhere.



8:47 AM Jul 11