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The Board - general discussion (including Res 12); notes from the AGM
Topic Started: 15 Jul 2014, 12:03 AM (1,414,603 Views)
aldo
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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
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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
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Whit's the goalie daein?!
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georgiesleftpeg
14 Jul 2016, 07:39 AM
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...
Surely any dividend on them would be pocket change to Desmond.
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georgiesleftpeg
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Ah, the old, it's only pocket change to a billionaire line :ffs:

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
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georgiesleftpeg
14 Jul 2016, 08:23 AM
Ah, the old, it's only pocket change to a billionaire line :ffs:

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 :)
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
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adammce
13 Jul 2016, 02:38 PM
Hoops For Me All The Way
13 Jul 2016, 01:51 PM
I said at the time that Deila should have been shown the door as soon as the decision was taken that he was going. Instead he was allowed to remain until the end of the season. Rodgers could have been brought in, taking us to the title and get a chance to settle in. But no, we had to do the so called decent thing and keep Delia. That was wrong, in a massive way.

Rodgers should have been in post giving him the chance to check over existing players and of course, new ones.

But no, we let sentiment rule. Sadly, there's no room for that if you want success and you need it quickly.

But who can reckon on such an inept performance and tactics last night. Dreadful, all round.
Can tell you now that he wouldn't have come in mid-season. He stated on multiple occasions post LFC that he wanted the season off to recuperate. Sacking Deila mid season would have meant JK and JC taking over until the end of that year, nothing else.

Rodgers chose to wait until the summer.
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
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Hoops For Me All The Way
15 Jul 2016, 01:09 AM
adammce
13 Jul 2016, 02:38 PM
Hoops For Me All The Way
13 Jul 2016, 01:51 PM
I said at the time that Deila should have been shown the door as soon as the decision was taken that he was going. Instead he was allowed to remain until the end of the season. Rodgers could have been brought in, taking us to the title and get a chance to settle in. But no, we had to do the so called decent thing and keep Delia. That was wrong, in a massive way.

Rodgers should have been in post giving him the chance to check over existing players and of course, new ones.

But no, we let sentiment rule. Sadly, there's no room for that if you want success and you need it quickly.

But who can reckon on such an inept performance and tactics last night. Dreadful, all round.
Can tell you now that he wouldn't have come in mid-season. He stated on multiple occasions post LFC that he wanted the season off to recuperate. Sacking Deila mid season would have meant JK and JC taking over until the end of that year, nothing else.

Rodgers chose to wait until the summer.
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,
:thumbsup: 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 :thumbsup: .

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
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adammce
15 Jul 2016, 01:17 AM
Hoops For Me All The Way
15 Jul 2016, 01:09 AM
adammce
13 Jul 2016, 02:38 PM

Quoting limited to 3 levels deep
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,
:thumbsup: 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 :thumbsup: .

Either way, if they wanted Rodgers it was always going to be a later start with him. That was the gamble, I guess!
Thanks. :thumbsup:

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
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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 :nono: whens the deadline for next round? Cant find it on Uefa site or elsewhere.
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san meegs
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Estadio nacional
16 Jul 2016, 08:53 AM
If we get past the Imps :nono: whens the deadline for next round? Cant find it on Uefa site or elsewhere.
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
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san meegs
16 Jul 2016, 09:21 AM
Estadio nacional
16 Jul 2016, 08:53 AM
If we get past the Imps :nono: whens the deadline for next round? Cant find it on Uefa site or elsewhere.
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.
11pm on Thursday :thumbsup:
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Midfield Maestro
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georgiesleftpeg
14 Jul 2016, 08:23 AM
Ah, the old, it's only pocket change to a billionaire line :ffs:

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 :)
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
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VerdeYBlanco
16 Jul 2016, 09:35 AM
san meegs
16 Jul 2016, 09:21 AM
Estadio nacional
16 Jul 2016, 08:53 AM
If we get past the Imps :nono: whens the deadline for next round? Cant find it on Uefa site or elsewhere.
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.
11pm on Thursday :thumbsup:
Cheers :thumbsup:

Only an hour out technically ;)
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Estadio nacional
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F5 button Thursday as the sharp suited man gets us the players we need..... :tumbleweed:
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paulfg42
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Fiat justitia ruat caelum
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Estadio nacional
16 Jul 2016, 12:34 PM
F5 button Thursday as the sharp suited man gets us the players we need..... :tumbleweed:
Save yourself the RSI. :cry:
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jmhgg
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Peter Lawwell, Ann Budge and Leeann Dempster appointed to SPFL Board.
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georgiesleftpeg
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Midfield Maestro
16 Jul 2016, 09:46 AM
georgiesleftpeg
14 Jul 2016, 08:23 AM
Ah, the old, it's only pocket change to a billionaire line :ffs:

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 :)
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.
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
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georgiesleftpeg
20 Jul 2016, 03:43 PM
Midfield Maestro
16 Jul 2016, 09:46 AM
georgiesleftpeg
14 Jul 2016, 08:23 AM
Ah, the old, it's only pocket change to a billionaire line :ffs:

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 :)
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.
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?
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
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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 :worthy:

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mon#1
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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