29 Sep 2015 09:01:31
Hold your horses Desmond is a multi billionaire he makes well more than 25 thousand a day yet he treats celtic like rubbish he's well able to put his hand in his pocket n pay 45 mill for a stupid yacht out in cannes that he might use once a year but God forbid some decent strikers say they want so n so a week forget about it he's no good for celtic
29 Sep 2015 11:44:39
Only one problem with your thinking on Dermot Desmond , he is not the owner of Celtic . He cannot just put money into Celtic without consequences . F McCann set up Celtic that we would never again be owned by one man or family . We want to keep that .
{Ed007's Note - That's just twaddle Chris, does Dave King own TRIFC outright, did Charles Green own them outright yet everyone has questioned their investment? The Glazers don't own Man Utd, Perez doesn't own Real Madrid, the Glazers are the only people who own more than 10% of Man Utd.
There's nothing stopping DD or any board member putting money into the club except their own lack of willingness to do it. If you bought a season ticket this year or even pay £1 to the Celtic Pools you've put more money into the club than DD has in the last FIVE years.}
29 Sep 2015 12:37:58
Ed,is this Really True? Shocking figures you just gave,what a pity if you are correct
{Ed007's Note - Of course it's true, do you think he needs to pay for any tickets etc or even f? There's no evidence of any investment from the board, it's our ST money they're using not theirs.
In 1999 DD who already owned 13.8% of the club upped that by 6% to 19.8% at a cost of circa £1.65 million when Fergus McCann left.
Since then he has drawn money from his Preference Shares dividend every year without putting anything at all back in save putting money towards short term deals like both the Keanes' wages etc.
At other clubs a lot of directors don't take any money out of the club so that it can be reinvested, then you look at our board with their Preference Share dividends, Pedro with his shares and his CEO salary and bonuses (no CL and our CEO is getting bonuses!) totalling over £1m per annum and it's all money going out the door to reward their failure.
I'd hate to think that the Preference Share dividends are at such a level that everyone on the board is happy enough with it so they don't feel the need to invest in the team, Pedro's bonuses can't go any higher so why risk any more money when there's not much to be made for yourself?
In the financial year 2013-14 Peter Lawwell was awarded a £400,000 bonus on top of his £525,000 salary, "benefits in kind" of £17,312 and pension contributions of £57,108. The club's remuneration committee 'decided to make an additional bonus' to Lawwell for meeting the 'objectives set for him.'
Lawwell is also 'entitled to a maximum payment under the company's bonus scheme of 60%'. as well as an expenses account, his chauffeur driven car and I'm sure he also gets a housing allowance (money to pay mortgage etc).
CFC is THE only club I know of where the CEO is the highest paid employee at the club.
I've said it before a million times, CFC like to act like they are a big club in the media etc yet they operate with a small club mentality.}
29 Sep 2015 13:37:40
NO investment by the board. And they refuse to act like a CL club, whilst claiming to still be one! Sack the board. I'm telling you for shiz, Sandy Lane's bum baths have seen more attention than our team.
29 Sep 2015 22:19:59
Would there not have to be another shares issue before anyone can invest?
{Ed007's Note - No.}