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The Board - general discussion (including Res 12); notes from the AGM
Topic Started: 15 Jul 2014, 12:03 AM (1,414,979 Views)
Dannybhoy95
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Champions Again Olé, Olé
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fatboab
5 Aug 2014, 10:40 AM
He's going to CP today to weigh up his options, but is prepared to gamble on the Thursday morning price for his requirements. I guess he's far from the only one.
Sort of like a corporate season ticket, for lack of a better term?
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Luxo
First-team starter
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fatboab
5 Aug 2014, 10:40 AM
also , as an interesting aside, I've just had a conversation with a good pal, who's a long time, big corporate client of the club, investing heavily in corporate packages. He's going to CP today to weigh up his options, but is prepared to gamble on the Thursday morning price for his requirements. I guess he's far from the only one.
Multiply this by a good few corporate clients, and there's another revenue stream that will plummet in the months ahead.

The Board have called this badly wrong. How badly?

I think we are a couple of days from finding out.
Good point - often overlooked.
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fatboab
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Just before the Dawn

Dannybhoy95
5 Aug 2014, 10:43 AM
fatboab
5 Aug 2014, 10:40 AM
He's going to CP today to weigh up his options, but is prepared to gamble on the Thursday morning price for his requirements. I guess he's far from the only one.
Sort of like a corporate season ticket, for lack of a better term?
Yeah, only a season ticket for up to about 24 people. :thumbsup:
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Corky Buczek
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Trolololo
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fatboab
5 Aug 2014, 10:48 AM
Dannybhoy95
5 Aug 2014, 10:43 AM
fatboab
5 Aug 2014, 10:40 AM
He's going to CP today to weigh up his options, but is prepared to gamble on the Thursday morning price for his requirements. I guess he's far from the only one.
Sort of like a corporate season ticket, for lack of a better term?
Yeah, only a season ticket for up to about 24 people. :thumbsup:
Don't blame the guy - its playing PL and the board at their own game.

This close season and last summer the board waited to see how little they could get away with spending. They got lucky twelve months ago. This year it look like exploding in their face. They can have no complaints if people demand reductions on what they are paying to watch Celtic given what they are being asked to watch on the park.
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fatboab
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Just before the Dawn

Corky Buczek
5 Aug 2014, 10:54 AM
fatboab
5 Aug 2014, 10:48 AM
Dannybhoy95
5 Aug 2014, 10:43 AM

Quoting limited to 3 levels deep
Yeah, only a season ticket for up to about 24 people. :thumbsup:
Don't blame the guy - its playing PL and the board at their own game.

This close season and last summer the board waited to see how little they could get away with spending. They got lucky twelve months ago. This year it look like exploding in their face. They can have no complaints if people demand reductions on what they are paying to watch Celtic given what they are being asked to watch on the park.
also, it's a "no lose" gamble. He gets quoted a price today, based on what might be , and, come Thursday morning, either pays that price, or gets a sizeable discount for the loss of CL games. Celtic have left themselves wide open to taking a huge reduction in Corporate income.
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Wee Ed KTF
Considering retirement
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fatboab
5 Aug 2014, 10:40 AM
also , as an interesting aside, I've just had a conversation with a good pal, who's a long time, big corporate client of the club, investing heavily in corporate packages. He's going to CP today to weigh up his options, but is prepared to gamble on the Thursday morning price for his requirements. I guess he's far from the only one.
Multiply this by a good few corporate clients, and there's another revenue stream that will plummet in the months ahead.

The Board have called this badly wrong. How badly?

I think we are a couple of days from finding out.
Yep, a business strategy and transfer policy which are sound in theory but have been appallingly badly implemented

The consequence - a spiral of decline
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mytsharp
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Are we in crisis yet?
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The board saw the team scrape into the CL and then were subsequently shown up once there, the team that went into this season's campaign is weaker than that.

What did they think was going to happen?
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thenakattack
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Getting on a bit
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mytsharp
5 Aug 2014, 11:12 AM
The board saw the team scrape into the CL and then were subsequently shown up once there, the team that went into this season's campaign is weaker than that.

What did they think was going to happen?
They crossed their fingers and hoped it would happen again, it points to one thing about the longterm strategy and that is that it doesnt exist.
Buy low sell high isnt a strategy, though they sure sell it that way.
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Glorious_1967
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Getting on a bit
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fatboab
5 Aug 2014, 10:40 AM
also , as an interesting aside, I've just had a conversation with a good pal, who's a long time, big corporate client of the club, investing heavily in corporate packages. He's going to CP today to weigh up his options, but is prepared to gamble on the Thursday morning price for his requirements. I guess he's far from the only one.
Multiply this by a good few corporate clients, and there's another revenue stream that will plummet in the months ahead.

The Board have called this badly wrong. How badly?

I think we are a couple of days from finding out.
Even worse news than the result of wednesday ahead? :suspect:
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Deleted User
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fatboab
5 Aug 2014, 10:59 AM
Corky Buczek
5 Aug 2014, 10:54 AM
fatboab
5 Aug 2014, 10:48 AM

Quoting limited to 3 levels deep
Don't blame the guy - its playing PL and the board at their own game.

This close season and last summer the board waited to see how little they could get away with spending. They got lucky twelve months ago. This year it look like exploding in their face. They can have no complaints if people demand reductions on what they are paying to watch Celtic given what they are being asked to watch on the park.
also, it's a "no lose" gamble. He gets quoted a price today, based on what might be , and, come Thursday morning, either pays that price, or gets a sizeable discount for the loss of CL games. Celtic have left themselves wide open to taking a huge reduction in Corporate income.
PL answer will be simply to offload another couple of players and so the downward spiral continues :(
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Winds of Change CSC
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First-team starter
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This short term approach from PL is an absolute farce.

He has learned nothing from last seasons gamble where we only got over the line with the last kick of the ball in the qualifiers.

We sold approx £20 millions worth of talent last season & still managed to qualify - sadly for us this has only encouraged PL into thinking that you can do this every season. You can't, end of story. It does not even make business sense never mind football sense.

This season we will sell FF & VVD. After that there is not a lot in this current squad that you would get a good fee for, we are not buying players who have the ability to develop with us who we can then sell on in a few years time.

PL will tell you that last season we invested "heavily" in our playing squad in the likes of Pukki, Balde, Griffiths, Johansen, Biton, Boerrigter & Fridjonsson. Invested is not a word I would use, wasted would be more apt given the combined effective contribution they made.

We would make a loss on over 50% of them if we sold them today.

Who thought these guys could improve our playing squad? who scouted them? We need to be signing players who can come into the first team & improve it not hinder it. We are going backwards at an alarming rate and the clown driving the bus - yes, that's you Pedro - is totally oblivious to what he is doing & where we are going. He even thinks he is doing a good job FFS.

This close season was a real acid test in terms of where we are heading, a new manager in the door with a new style of play. We have always given our new managers reasonable financial backing but not this time. Only 2 players in and both of them hardly enhancing what we have already. Its a scandal and I am sick to the back teeth of it.

We are haemorrhaging money from all areas of the "business" due to PL's flawed model and the end result is a drastically weakened product on the pitch which in turn leads to more disinterest and less funds.

It is a vicious circle that we seem unable or unwilling to resolve.

Enjoy your bonus Pedro.
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The Poacher
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Getting on a bit
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Ronny should set the amount of players he wants for the first team squad, equal to the players he wants to release and the budget set by Lawwell. Chris McCart should do the same. Park should be drawing up a list of targets; Ronny & McCart should then give the go ahead for which players they want. Lawwell should then do negotiations in and out and conferring with Ronnie & McCart any bids and changes to plans.

Thats how its meant to work, isnt it? It seems pretty straight forward...
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murphio
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Could start a row in an empty room
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Winds of Change CSC
5 Aug 2014, 12:06 PM
This short term approach from PL is an absolute farce.

I would argue the opposite is the case - there is too little attention being paid to the short term. All the thinking appears to be based on jam tomorrow. Don't spend a penny before it comes in the door etc.
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paulfg42
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Fiat justitia ruat caelum
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Clydebank Bhoy
5 Aug 2014, 09:43 AM
paulfg42
4 Aug 2014, 11:42 PM
Do Celtic shareholders get a return on their investment?
Nah, not really. The holders of Ordinary shares have never received a dividend, and probably never will (and rightly so). The holders of preference shares receive a 6% dividend annually although I think they can opt to take that in ordinary shares rather than cash. Last year we paid out £527k cash in preference dividends, which I'd imagine won't be a huge sum of money to those who hold those securities and obviously doesn't really move the needle in terms of Celtic's financial results.

That's where I disagree with Deebhoy. Those running the club aren't not investing in the team (or at least not to the extent that most of us would like) in order to personally enrich themselves, it's genuinely because they believe that is the correct strategy to employ. Looking at the financials, it's not like we're stockpiling a huge amount of cash which we'll deploy if/when the huns return, but we certainly do have the capacity to spend a bit more money on the playing squad. I can certainly see the argument that it doesn't make sense to splurge £10m+ on players when the incremental benefit of that spend is questionable from a financial perspective (i.e how much extra cash do you generate from winning a last 16 game to get to the quarters in the CL), but I think the balance is completely wrong.

Even putting the footballing aspect to one side and looking at it purely from a business mindset, there's a huge risk of a bit of a downward spiral where the poor football on show leads to lower ticket revenues and no CL football, which constrains the future ability to invest in the team, which leads to an even poorer side etc etc. It really does make sense to properly invest in the team at this stage IMO.

Cheers. So there's little if any benefit to investors if we bank the cash rather than spend it on some decent players?

The board's/CEO's strategy just isn't working. At what point will they realise that?
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bermbob
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Getting on a bit
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Wee Ed KTF
5 Aug 2014, 11:02 AM
fatboab
5 Aug 2014, 10:40 AM
also , as an interesting aside, I've just had a conversation with a good pal, who's a long time, big corporate client of the club, investing heavily in corporate packages. He's going to CP today to weigh up his options, but is prepared to gamble on the Thursday morning price for his requirements. I guess he's far from the only one.
Multiply this by a good few corporate clients, and there's another revenue stream that will plummet in the months ahead.

The Board have called this badly wrong. How badly?

I think we are a couple of days from finding out.
Yep, a business strategy and transfer policy which are sound in theory but have been appallingly badly implemented

The consequence - a spiral of decline
Never understood why PL never pursued our transfer targets prior to CL qualification anyway. If we get through to the group stages the club holding the players we want will bump up the asking price because we've qualified and they want a piece of our CL windfall. I realise signing targets might want to wait and see whether we make it or not but at the prices PL wants to pay I don't see the point in waiting and would prefer to see money spent of decent first team starters that strengthen our team for CL qualifying. Our transfer strategy is a big gamble based on CL qualification and it is flawed. We get outpriced or outbid for the most desirable targets on our wish list, then our others preferred targets have already moved whilst we procrastinated through CL qualifiers .... and when we eventually do find out what European competition we are in a decision is taken not to spend on quality first team players but to split the transfer kitty up and gamble it again on cheap prospects. The fans have been saying for years that when our best players leave they are never adequately replaced but we are reaching new heights nowadays. It is getting to a stage where PL's frugality is sorely testing our levels of endurance as the quality of the product he is serving up is deteriorating at an alarming rate, he should realise that every now and again the club needs some proper investment.
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Deleted User
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Rumours Nike wont renew next year

https://twitter.com/celticrumours/status/496703285303476224
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paulfg42
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Fiat justitia ruat caelum
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Estoril
5 Aug 2014, 06:11 PM
Good. The tartan kit was a step too far.
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Broadsword
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Can I have 12 bottles of bleach please?
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Estoril
5 Aug 2014, 06:11 PM
Behan has pretty much confirmed that.

Go back to your constituencies and prepare for Gola.
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Patrick_Bateman
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Retired and now a BT Sports pundit
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It's weird, this whole downsizing in quality thing that's been going on.

It's been happening for a while, we've all been aware of it happening and yet we've gone along with it. Sure, there's been a bit of grumbling on the interwebs, and a drop in season ticket sales and attendance, but that's about it. Not sure what exactly we should be doing as a fanbase, or if anything we do would make any difference, but I just think we're being a bit meek about it all.
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brogan
First-team starter
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dont know if meeks the right word.....me im blase perhaps bout the whole thing...we only ever seem to do just enough...fires gone out of it since sevco died........id happily start at the bottom of the english league than play in scotland now
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