The board

I suspect the hoarding of

I suspect the hoarding of the cash reserves has something to do with the share price and the legal payout.

 

Agreed, i have been to a few different American sports venue in the last few years, and their level of experience is light years ahead of what is on offer at Celtic. Even a small rugby club like harlequins has outsourced their catering to quality food vans. The fact they haven’t invested the cash pile is incredibly short sighted.
The stadium should be upgraded, certainly the main stand, more boxes and restaurants and bars. The hotel and museum should have been built and used to create a bigger tourist draw to the campus on non match days. * hour.

 

We're obviously stuck with this shitebag board, silent to * Desmonds requirements from the fairway. This will be the case until he dies or Ross Desmond can use his poa effectively.

Is there any info on his son, what's he likely to be like, any similarities to his absent father. I know he's not gonna put a penny in, but surely there's more progressive thought rolling about his brain than is grifting, ignorant * dad.

 

It shouldnt impact the share price much - the market would prefer a sensible risk based strategy rather than just hoarding cash. But ive always thought the same about the court case. Its the only thing that would explain our position

 

Hope somehow , just .ucking somehow we have a good run in the Champions League causing an amazing take over.

 

Another theory I have about our reluctance to spend in attack this summer is the way the board view our wage bill.

We have Jota who we invested £8m in January and is probably on a weekly wage of £30-40k, possibly higher.
Idah who we paid £8.5m for and we are probably paying around £20-25k a week.
Maeda who signed a 1 yr extension a year back so is probably on £20-25k a week with any new deal probably brining him to the 30k+ plus bracket.

I think our board being the tight fisted dinosaurs they are probably saying to Rodgers, you have a front 3 there that we've paid 16m in the past 12 months and are earning close to £5m per season collectively. They don't care that we have a big operating profit every year and huge cash reserves - they do not want to grow the wage bill, even though we are well resourced to do so and should be doing to keep in step with the likes of your Bruges, Feyenoord, PSV etc.

So while they are aware Rodgers wants reinforcements in attack they are only interested in the cheap, low rate options which makes things much much tougher. They are not likely to sanction bids of over 5m but aligned with that they are probably unwilling to sanction a salary of over £1m in this aspect too which makes it even more difficult. The fact that Jota suffered a serious injury and is likely to miss most of the season has zero impact on them, its more or less like they've said tough luck to Rodgers on that and that he will just have to get on with it.

Infuriating that we don't make exceptions to these type of things. We'll get a winger on loan before the end of the window but we won't intend of keeping them beyond that. It will be an Elyonoussi or Nat Phillips type signing, someone on the market that the selling club want off the wage bill and we can plug a gap with.

 

Our board are a bunch of retirees and our CEO seems to just be a figurehead who is miles out of his depth and has no autonomy to carry out the duties he's employed to.

 

Watching this now..

Hard to argue with it so far..

On the side of Rodgers. It's inexcusable but I think the board knew/know that he was going after this season no matter what..

I also think we'll have fresh investment/a new takeover before long. The league has fresh owners/investment at a number of clubs now. There will be different challenges. The league will improve. There'll be bigger sales. More players going abroad..

I just think it makes sense and will happen as we're a very attractive club. Or maybe more wishful thinking on my part..

Maybe it's to do with upgrading the stadium and capacity..

As for now though, it's alarming as * how slow amd sloppy they are in bringing us forward. This with a top coach they wanted back, over multiple windows he's aired his frustrations. This with no qualifiers or just the solitary one. It'll only be worse as the route to the champions league gets harder and we have more games to play..

 

The huge cash reserves we hoard actually make this very difficult. That money the board have hoarded will have to make its way to the shareholders in some way. The problem for us fans and anyone with the interests of Celtic Football Club is that effectively any investor or new shareholder has to buy that 77m or whatever figure it may be now will have to buy that 77m of our board, that makes our share price overvalued and that's a deterrent for investors. We're effectively looking for investors who have a genuine ambition to grow and improve Celtic to come in here and they will have to pay way over the odds for it.

In many cases we would be far more desirable to investors in our financial state was a lot worse.

 

I believe those huge cash reserves have been siphoned off.

a good few people getting extremely richer that’s for sure.

 

At some stage, we need to sort out collective * out and take some sort of collective action.

Is it the podcast guys and fan media guys to rally together and see if their influence can bring the average fan to a agreed stance?
Is it for the green brigade and other larger supporter groups to make a stand in the stadium?
Is it both to collectively come up with an idea to get the point across?
Are we (the fans) needing to find investors willing to part with their cash to take us forward?
Fan ownership/representation would be brilliant, but there is next to * all chance as the board operates, for that happening.

But at some stage, we need to collectively come up with a plan guys.

Sent from my Pixel 9 Pro XL using Tapatalk

 

Well put.

I think a lot of the podcasts/fanzines are compromised, they rely a lot on the club for access and interviews and are quite happy to play the game. I do feel ACSOM are very good on the whole, definitely PJD is a balanced contributor and John Hughes is very good - there's another guy there who can be a bit of a board apologist and who comes up with the flawed rationale that we can't attract players because we play in Scotland and blames external factors constantly - which is complete nonsense.

Something has to give. People lazily try and blame Desmond as the main problem but our other shareholders are completely silent. If Trainer and Keane and the rest of the significant shareholders were not ok with how the club is being ran, surely they should be voicing discontent, surely boards appointments should not be the landslides they are, surely they should be seeking representation on the board - but they don't so that to me states that they are every bit as big a problem as Desmond is. There is complete alignment across our shareholding and our boardroom so it can't simply just be Desmond.

Our board is old and stale, we have 3 guys in their 70s and Lawwell as chairman. None of these people care and I think we can deduce by now Nicholson is just a Lawwell puppet who will get Peter's go ahead before he does anything important, he's nowhere near competent enough to have that role. I would say myself that Lawwell runs the club still, he has full backing from the board and full blessing from Desmond to run it as he sees fit. The job seems so far beyond Nicholson, I don't think I've ever seen a silent CEO like him across any industry like him in my life. Has he ever given an interview? Has he ever communicated what his vision is for Celtic? What he wants us to grow and prosper at. We are fed silence and Lawwell will be wheeled out every now and again to make a statement or communicate something - Bankier never did this when he was chair, it was always Lawwell.

This season has reach a new nadir for me, we've been fed austerity now for the best part of a decade, we've never been richer and for me it boils down to one thing, we are still being ran by Lawwell but this time he is now semi-retired and his patsy (Nicholson) won't make a big decision without getting his counsel.

 

For me the biggest issue is that we have a core on the board who have been there for way too long. We need fresh ideas and some ambition at the board level. We also need a clear strategic plan both for the shorter term as well as longer term for how to grow the club both on and off the field be it fixing our academy, redeveloping and modernizing the stadium, raising the level on the field so we can be competitive at the champions league level. As things stand right now not only are none of those things happening it doesn't even seem like the board even get that they are necessary.

 

I am not exactly sure what Paul Tisdale's role is. Is he just another scout or more of a DoF? And if its really Nicholson and McKay (our CEO and CFO) in charge of negotiating transfers then that really is a farce. They should be leaving the negotiations to a trusted Director of Football who would connect the business and football sides. We cannot go on operating lile this, we need a new more modern struture that will work in todays markets

 

Worse than the Kelly's

 

He was taken a back by that question and bursting to be honest with everyone. Unfortunately I agree we will lose him yet again, history repeating itself.