Celtic banter 40453

 

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(single word yields best result)

21 Aug 2018 12:41:47
Afternoon bhoys and ghirls. Not posted for a while, hope you are all well. We keep hearing of the undoubted wealth of our major shareholder Mr Desmond, and I've often thought, given his staunch love of our club, to give our manager a lift, why not give him say 50 million, and take it back from the club over the years. Would that be feasible? Thought's guy's.

{Ed007's Note - We would fail FFP and face sanctions from UEFA.}

Agree0 Disagree0

21 Aug 2018 13:11:12
Thanks for the info Ed. If that was the case, would there be ways and means of getting around that problem?

{Ed007's Note - DD could put money in as long as it isn't over (off the top of my head) 30 million Euros over 3 years
Clubs like Man City are propped up by sponsorship deals with their owners for obscene amounts of money. Their Etihad deal is worth about £35 - 40 million a year

21 Aug 2018 13:22:33
Then why haven't Rangers? 🤔.

{Ed007's Note - Their debt is to shareholders and the board.

Clubs can spend up to €5million more than they earn per assessment period (three years). However it can exceed this level to a certain limit, if it is entirely covered by a direct contribution/payment from the club owner(s) or a related party. This prevents the build-up of unsustainable debt.

The limits are:
• €45m for assessment periods 2013/14 and 2014/15
• €30m for assessment periods 2015/16, 2016/17 and 2017/18

In order to promote investment in stadiums, training facilities, youth development and women’s football (from 2015), all such costs are excluded from the break-even calculation.

21 Aug 2018 13:32:41
Cheers for that Ed. Saying that, 30 million eurso would come in a hell of a handy lol.

{Ed007's Note - We could get 3 Scott McKennas with that 😁

21 Aug 2018 13:35:08
Why do people not call for every share holder to put in their hard earn savings?

21 Aug 2018 13:46:05
Or Morelos lol.

{Ed007's Note - 😂

21 Aug 2018 14:35:50
Only one Morelos now as he is the best striker ever to have played the noble game. If he scores on Thursday he will be worth more than Agueroooooooooooooo.







 

 

 
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