Resolution 12

In 2012, Celtic shareholders brought a resolution before the Celtic PLC AGM which asked the Celtic Board to refer certain matters to UEFA because they felt that the Scottish Football Association was compromised, no longer fit for purpose in relation to these matters, at least, and had failed Celtic and all the other football clubs in Scotland and in its duty as a Governing body, and it has separately failed UEFA as the Licensing Authority appointed by UEFA to grant licences to play in European Football in relation to Scottish teams.

The actual wording used was as follows;

“This AGM requests the Board exercise the provision contained in the Procedural Rules Governing the UEFA Club Financial Control Body Article 10 with jurisdiction and investigation responsibilities identified in articles 3 & 11 (Note 1), by referring/bringing to the attention of the UEFA Club Financial Control Body (CFCB), the licensing administration practices of the Scottish Football Association (SFA), requesting the CFCB undertake a review and investigate the SFA’s implementation of UEFA & SFA license compliance requirements, with regard to qualification, administration and granting of licenses to compete in football competitions under both SFA and UEFA jurisdiction, since the implementation of the Club Licensing and Financial Fair Play Regulations of 2010.”

The response of the Celtic Board was to argue that this resolution was NOT NECESSARY because the board itself had already recognised that there had been failings within the SFA Licensing process, and they were already in correspondence with the SFA in relation to much the same issue.

The difference between the board and the resolutioners was that the board wanted to continue corresponding with the SFA rather than refer the matter to UEFA or anyone else, whereas the resolutioners argued that the SFA were hopelessly compromised, were unfit for purpose, could not of themselves remedy the situation they had created, and so wanted to refer the matter to UEFA as an independent and overseeing body whose rules had been flaunted, broken, ignored and to be frank, completely manipulated as a result of SFA inaction and inactivity.

After much discussion between the board and the resolutioners, it was reluctantly agreed that the resolution should be adjourned and to allow the SFA to be given the opportunity to demonstrate that they could operate as a proper Governing body should and to answer all and any questions put to them via the Celtic PLC board and , where appropriate, the resolutioners and ,if necessary, their solicitors.

In the interim period, it has become clear to the Resolutioners that the SFA are not fit for purpose, just as they originally argued, and that they are not, and never could have been, the appropriate body to consider and determine the failings in the licensing system that the Resolutioners had complained of.

This is not merely opinion on the part of the resolutioners but is the determination and judgement of a formally constituted judicial panel appointed by the SFA itself.

The resolutioners complain that the SFA have failed, and continue to fail in the following areas;

They failed to oversee a fair and robust European Licence application process before and after March 2011 in respect of the appropriate season.

They had failed to mount any sort of investigation despite being contacted by HMRC from 2006 onwards in relation to the unlawful activities of a member club – they should have had a watching brief and requested regular updates from HMRC directly but didn’t.

They failed to properly apply the necessary tests demanded by UEFA in considering licence applications, and subsequently, through their then CEO, sought to justify their licensing process and the grant of certain licences on a number of different contradictory grounds – none of which stood scrutiny.

They failed to monitor, update their records or make specific enquiries between 30th March 2011 and Mid May 2011 when the list of application grants was formally intimated to UEFA – and by which time there was widespread public rumour and speculation about the state of the tax affairs of a member club together with specific legal documents which outlined that there was indeed a tax bills due which would have disqualified that club from being granted a UEFA licence – had the rules been applied properly.

They failed to grasp the situation between March 2011 and August 2011 when the Sheriff Officers were seen arriving at the same club and had still made no enquiry.

They failed to carry out any monitoring duties at all post the grant of the licence, with then CEO Reagan telling Celtic that once a European licence was granted – which it was in April 2011 – all further compliance monitoring and any necessary action was the province of UEFA. This was later contradicted by UEFA themselves.

They failed to monitor through the June 30th and September 30th, two key datelines specified with the UEFA regulations, and there exists a damning e-mail from one SFA officer to the offending club which effectively says that he hopes UEFA will be too busy to notice the deficiencies in the latest submissions sent by the SFA to UEFA in respect of the club concerned.

Throughout, the SFA denied that there were any failures in their procedures, that licences had been correctly granted, there had been no breaches of the rules and maintained that their procedures had been audited and approved by UEFA during the period.

According to the official UEFA website, no such Audit actually took place with the same website confirming which Football Associations were in fact audited at the relevant time. There is no mention of any SFA Audit.

The SFA claimed that not only was there nothing wrong with the grant of the licence, but that there was nothing for them to report during the post grant period as it was not their responsibility – and then added that even if something had been wrong, or was later found to be wrong with the grant, they could not report the matter to UEFA and could take no action because they were time barred from doing so.

Post the Craig Whyte Trial, where long held evidence was publicly noted and commented upon, Celtic and the SPFL publicly called for there to be a full independent Legal inquiry into all that had transpired during “the EBT years” and all aspects of how what had occurred, impacted on football Governance in Scotland.

The SFA rejected those calls and instead insisted on their own internal inquiry into the UEFA licence process for 2011/2012 – despite previously insisting that there had never been anything to investigate or report to UEFA who had entrusted them with the administration of their Licensing process.

The SFA wrote to every club in Scotland to say they were undertaking that investigation and later publicly announced that as a result of that investigation they had uncovered sufficient evidence to justify bringing formal charges alleging breaches of both SFA and UEFA rules.

This despite denying for a number of years that there had been any need for an investigation and despite reassuring Celtic that their licensing process was robust, had been conducted properly, and had not resulted in any incorrect grant of a licence.

The SFA appointed a judicial panel to hear those charges, determine whether they had been proven or not and then to hand out an appropriate punishment.

That Judicial panel have ruled that legally they (the SFA appointed panel) and the SFA itself cannot bring, hear, determine and act on those charges, nor consider the activities of the football club concerned in any judicial forum, because apparently the SFA had previously decided and formally entered into a contract which says that the SFA will not, and cannot, administer their normal Governmental and Judicial function (which would normally apply to any other club in Scotland and at any other time in the history of the SFA or UEFA) in relation to the acts concerned and the specific football club in question.

Instead, the Panel ruled that the charges concerned should be considered by the Court of Arbitration for Sport as a matter of contract and law – and could not be considered by an SFA appointed panel.

In other words, it has been judicially determined that the SFA cannot as a matter of law enforce its own rules or those of UEFA in relation to one club, and have signed away their entire right to oversee proper football Governance and the implementation of SFA and UEFA rules in this instance.

Further, that contract must have been known to all the appropriate SFA officers who decided and took part in the inquiry that led to the SFA bringing the disciplinary charges – Stuart Reagan, Andrew MacKinlay and Tony McGlennan – and when the SFA rejected Celtic’s call for a fully independent inquiry.

In effect, those same officers mounted their own internal inquiry and brought proceedings which they knew, or ought reasonably to have known, which would end in a legal dead end.

Such a course of action amounts to professional incompetence on a monumental scale – at best!

Further, subsequent SFA officials, assured the officers of Celtic Football Club that following the decision of the Independent Judicial Panel there was no reason why the SFA would not take the matter to CAS and in turn used the officials of Celtic Football Club to relay that message to the resolutioners in the knowledge, and with the intention, that Celtic PLC shareholders would rely on those assurances and would act accordingly. Those actions and those assurances should now be the subject of a wholly separate inquiry.

Since those assurances were made to Celtic officials, Solicitors acting on behalf of shareholders have written to the SFA on no less than three occasions requesting clarification on what the SFA is doing, whether or not the decision from the independent tribunal advising that the matter should go to CAS will be implemented, and requesting a proposed timetable when this will happen. All such letters have been ignored or avoided by the SFA.

Subsequently, the current CEO of the SFA has stated that whether or not the matter should go to CAS will only be determined prior to Christmas 2019 – some 18 months after the ruling by the independent judicial panel.

This position is a complete volte face from what the SFA told Celtic officials immediately after the 2018 panel hearing.

THE CONCLUSION TO ALL OF THIS CAN ONLY BE THAT THE SFA IS NOT FIT FOR PURPOSE AND THAT THE GOVERNANCE OF SCOTTISH FOOTBALL IS SO BAD, SO BROKEN AND SO FAR REMOVED FROM NORMAL JUDICIAL AND CORPORATE BUSINESS PRACTICE THAT IT MUST BE LOOKED AT BY AN INDEPENDENT BODY IF THE MATTER IS NOT REFERRED TO CAS.

FURTHER, ALL OF THIS MUST BE MADE PUBLIC, MUST BE OUT IN THE OPEN AND MUST BE PROPERLY DISCLOSED OTHERWISE ANY FUTURE INVESTMENT IN ANY CLUB WHETHER BY PRIVATE INDIVIDUALS, STOCK MARKET LISTED ENTITIES, BANKS, LOAN HOUSES, CREDIT HOUSES OR WHATEVER IS PREDICATED ON THE WHOLLY FRAUDULENT NOTION THAT THE SFA WILL CONSISTENTLY APPLY ITS OWN RULES OR THOSE OF UEFA.

CELTIC, AS A RESPECTED MEMBER OF UEFA, SHOULD NOT AND CANNOT, STAND BACK AND ALLOW THIS SHAMBOLIC GOVERNANCE TO CONTINUE UNCHECKED AND WITHOUT EXTERNAL EXAMINATION AS TO DO SO WOULD BE DOING A TOTAL DISSERVICE TO UEFA, AND SUCH A COURSE OF ACTION WOULD POTENTIALLY MAKE CELTIC A PARTY TO THE ENTIRE SHAMBOLIC ADMINISTRATION WE HAVE SEEN THUS FAR.

THE RESOLUTIONERS HAVE STATED CONSISTENTLY SINCE 2012 THAT SFA GOVERNANCE IS NOT FIT FOR PURPOSE AND HAVE REQUESTED THAT THIS ENTIRE MATTER SHOULD BE REFERRED TO UEFA AS THE OVERALL GOVERNING BODY FOR EUROPEAN FOOTBALL AND AS A FOOTBALLING AUTHORITY WHO HAS ENTRUSTED THE SFA TO OVERSEE THE FAIR APPLICATION OF ITS RULES IN SCOTLAND.

DESPITE WHAT IS NOW ACCEPTED AS CONTINUED AND REGULAR SFA FAILURE, THAT REQUEST HAS MET WITH OBFUSCATION AND RESISTENCE.

HOWEVER PERSISTENCE BEATS RESISTENCE AND NO MATTER WHAT THE OUTCOME OF THE 2019 CELTIC AGM THIS IS AN ISSUE WHICH WILL NOT GO AWAY AND IS WORTHY OF CONSIDERATION AND DETERMINATION IN A MORE FORMAL LEGAL FORUM.

180 Comments
Inline Feedbacks
View all comments
Cosy Corner Bhoy
November 27, 2019 10:55 pm

The Roar goes On:I trust your arithmetic on the ‘outgoings’ in the past two years never mind the past twenty is better than your assumptions re the ‘co-pilot’ of the blog!
He did go to University and he most certainly is not a Freemason never mind a member of the Mother Lodge No.0 because he would have two broken legs if he were??.

Margaret McGill
November 27, 2019 11:00 pm

Im so scunnered so ah um.

jimthetim53
November 27, 2019 11:02 pm

CCB, can’t remember if I told you or Bobby before but I spent an hour in that Mother Lodge one Sunday afternoon about twenty odd years ago? Honestly, I didn’t join up! It was just another drinking joint.

SFTB
November 27, 2019 11:05 pm

It’s very strange that, given so many people predicted that today would unfold as it did, people would be on here saying “I told you so!”

Who needed being told?

What did they need to be told about?

The fact that Res. 12 was voted down is not proof that diarrhoea is caused by microwaves.

The internet is a strange place of certainty- you don’t even have to show your working.

Margaret McGill
November 27, 2019 11:08 pm

SFTB
Naw but it is proof of verbal diarhhoea

The Roar Goes On
November 27, 2019 11:09 pm

You mean all the same people who ever blew the whistle on the Plc’s double dealings with Sevco, Jim?

Do you realise how men like Desmond, or even Lawwell, could ruin someone’s entire reputation and career for leaking such financial secrets during their employ?

Besides. I’m not saying the Plc have ripped off the full 87 million two years running, what I’m saying is that only around 50-60 million of is is visible and can be read in their so -called ‘open’ accounts.

Now why, if everything is above board, would ANYTHING be omitted from our ‘public’ accounts if there wasn’t a wee bit of jiggery pokery going on?

Finally, answer me this:

Who among you would risk their future career by grassing on their employers?

In fact, who has been aware of financial irregularities and kept their mouths shut on it?

I’d say around more than 50% of us fall into the latter category, as juggling the books is how most companies survive and, indeed, are intended to survive.

For how can you play a straight hand in a system such as this which has been rigged in favour of the rich from the off?

We live in a highly convoluted pyramid scam, Jim, and we all play our part in propping it up daily, every time we walk into work.

Every waking day we are the sheep that say ‘BAAHH!’

But I don’t.

jimthetim53
November 27, 2019 11:13 pm

Don’t know if anybody has seen these figures. this is what the Res. 12 guys were up against.

jimthetim53
November 27, 2019 11:14 pm

Resolution 12 poll outcome
Resolution 12 – Licensing Practices
Votes cast: 89,391,947
Votes in favour: 2,508,944 – 2.81%
Votes against: 86,883,003 – 97.19%
Votes withheld 93,997
OUTCOME: RESOLUTION FAILED

The Roar Goes On
November 27, 2019 11:16 pm

Okay, Bobby/Mick isn’t a Freemason, I’ll take your word for it.

But that still doesn’t refute that fact that he claimed as lot of people were upset’ that I was on this site yet still hasn’t named one of them nor, even more tellingly, did any one of them come out and say it was them.

I don’t give one either way what Mick thinks, I’m a Celtic fan solely concerned with the welfare of our great club. I have no other agenda.

And as much as I have 100% respect for Auldheid and the Bhoys and their brilliantly stubborn refusal to wilt in the face of such staunch corporate resistance, this still does not address the enormous sum of money (1.3 Billion Pounds) that has been allowed to pour out of Celtic Park coffers over these past two decades since these current money men took charge.

But it appears that not one of you lot are in the slightest bit interested in that.

Now can any one of you tell why such financial discrepancies don’t bother you when it comes to Celtic Football Club?

jimthetim53
November 27, 2019 11:23 pm

The Roar Goes On,

I don’t think you know about accountancy. If someone is cooking the books it doesn’t need a whistle blower. It quickly becomes self evident. Usually within a quarterly accounting period. The accounts won’t balance. Money will be have been allocated to account/project/cost centres that have no budget or will be out of order.

Margaret McGill
November 27, 2019 11:24 pm

Jim
Fair enough! Sounds very democratic to me.
Any stats on the turnout?

The Roar Goes On
November 27, 2019 11:26 pm

SFTB:
I didn’t come on ere to say ‘I told you so’, I came on to highlight the fact that there’s a far bigger elephant in the Celtic boardroom than Resolution 12.

But none of you want to know.

In fact, Bobby & his winkle pickers even insisted that I ‘NO LONGER MENTION THESE FIGURES ON THIS SITE!’ just prior to banning me, having already recruited his mates from his ‘parent site’ to bug me.

That’s why I suspected he might be one of the board’s Masons, or just lackeys without a title.

You know, trying to shut folk up for highlighting what is freely available for all to see.

For Res 12 would have already been well hidden behind the sofa and under the rug were it not for Auldheid & the Bhoys’ persistence.

They had to DIG AT IT to open it all up for us to see. the 5 Way Agreement and all.

The Celtic Plc accounts, on the other hand, are freely available for us all to type into our Search engines and take a look for ourselves.

I started with last year’s then went back year by year, adding up the Operating Expenses for each year then totalled them all up to 1.3 Billion quid*, which you or anyone here can do for themselves, it’s simple arithmetic.
(*Not counting this year’s 87 million.)

And it wouldn’t be a problem if all of these expenses were itemised and listed but they’re not, there’s somewhere around 30% missing year on year once you’ve got past the salaries etc, and this despite the infamous Celtic Wage Cap on the players and the fact our Tory board refused to pay their employees the Living Wage for years until quite recently.

So for this year and last year’s figures, we’re looking at around 27 million PER YEAR that is NOT listed in the annual accounts.

Now do any one of you Tims know, or care, where such vast sums of money may have gone?

Oglach
November 27, 2019 11:26 pm

Jimthetim

The Res 12 guys were always up against it with the block vote of the likes of DD and the other corporate parasites. Share holders voting is a pointless exercise for the rank and file Celtic supporter who invested their hard earned cash into the club. A fair vote in a Celtic AGM is a bit like claiming a ‘rotten borough’ seat was won during a fair election. That Is why I am now seriously considering selling my shares. Apart from their sentimental value to me they are basically worthless in terms of being able to influence anything that happens at Celtic.

The Roar Goes On
November 27, 2019 11:27 pm

No, Jim, it does NOT become ‘self evident’ at all.

How do you think billionaires become billionaires, Jim?

jimthetim53
November 27, 2019 11:29 pm

Mags, not sure what you mean by turnout. The laddie Desmond at the top table with his dad’s proxy would have accounted for a big part of the turnout. But I did hear that of the folk present, about 75% voted for the resolution.

jimthetim53
November 27, 2019 11:31 pm

Oglach, It’s always been a proud rallying cry of The Co-operative movement. One Member, One Vote!

Oglach
November 27, 2019 11:36 pm

jimthetim53

Aye but sadly we aren’t the Co-op we, or more correctly they, are Celtic PLC. I think selling my shares may well be a cathartic moment for me.

The Roar Goes On
November 27, 2019 11:36 pm

You reckon Dermot, say, became a billionaire by NOT knowing how to clandestinely juggle money around, Jim?

Do you think you or I could become a billionaire too were we to learn these practices, Jim?

mahe
November 27, 2019 11:38 pm

Lions Roar,,
I just dont think theres any illegal malarkey with what you are getting at ,,I just think they know how to dole out the bonuses and ride the gravy train bigtime and in style.
You were banned for being rude , not what you are talking about.
You insulted the whole blog for not going down the path you wished it to.
Dont be rude or libelous and stick around no worries.
Ive 99 problems but BMCUWP aint one. The opposite actually . Believe that if you want it doesnt really matter to me. Its myself of the pair that didnt go to Uni. Not that I needed it.
Hail Hail

jimthetim53
November 27, 2019 11:40 pm

Oglach, I said earlier, things change. This lot will not be there forever. It’s up to you, but have a think about it.

jimthetim53
November 27, 2019 11:42 pm

Mahe, Am I one of the 99? 🙁

Oglach
November 27, 2019 11:43 pm

What has going to Uni got to do with anything? Some of the world’s smartest most successful people never set foot inside a university or place of tertiary education. I would argue that some are held back by attending Uni. A lot of people earning minimum wage have degrees. Some of the guys I grew up with are way more financially secure than I am and I was the one who went to uni.

Don’t believe the hype degree CSC

The Roar Goes On
November 27, 2019 11:51 pm

So it is with NO PLEASURE AT ALL that I came on here to reiterate this valid point that I’m making, as any one of you can see for yourselves by simply adding up the figures in the Celtic accounts.

This is not a ‘conspiracy theory’, this is written down int eh accounts in black & white:

There’s money missing that is neither itemised nor openly accounted for.

And, Mahe, I’ll take your word for it on Mick.

I always respected his posts on the other site and wished him well the time he was ill.

And, besides, the ‘not going to Uni’ jibe was just a dig to make sure I had your attention 🙂

I have no respect for a uni education/indoctrination anyway as I know them to be riddled with lies and liars telling us a load of guff to cover up what they’re really up to behind the scenes.

So if you say Mick’s alright then he’s alright, I’ll go along with that.

But I won’t go along with folk arguing against what is recorded and observable plain as day facts when it’s our club’s welfare at stake.

And I’m not accusing the board of any wrong doing regarding this money, I’d just like to know where it’s going.

And not one of you has looked at those accounts since my previous observations.

So, now that Res 12 is off the table as far as the board is concerned, maybe at least one of you should.

Then it won’t have to be just me taking stick for mentioning it.

In fact, it could be the straw that breaks the camel’s back if Auldheid & the Bhoys were to pick up on it.

SFTB
November 27, 2019 11:52 pm

Bankier said, in response to a query on PL’s pay:-
“”It’s easy to say that in 2003 a Mars bar cost 20p and now it costs £1.50,”

It might be easy to say but is it accurate. My info is that a Mars Bar cost 29p in the year 2000, so I doubt it was 9p cheaper 3 years later. The projection on the Freddo Index (yes- it is a real thing) is that it will cost 87p in 2030 (not the £1.50 he quoted. It has also shrunk in size.

Has Bankier ever run a tuck shop?

The Roar Goes On
November 27, 2019 11:52 pm

*See my take on universities & their teachings in the previous post, Oglach.

The Roar Goes On
November 27, 2019 11:53 pm

He’s running a tuck shop now, SFTB.

And they’re all tucking into the Freddo bars 😉

jimthetim53
November 27, 2019 11:54 pm

I’m going to say one thing in the Lion’s defence. It has happened in the past. In the old days before sophisticated, computerised turnstyles. It used to be cash only. Apparently some of the vendors were not entirely honest. Encouraged by directors going home with duffle bags full of money at night. Remember when the crowd was announced and was understated by about 20k? Jock Stein turned to the directors box in a fit of rage.

mahe
November 28, 2019 12:02 am

Lions,
You could be right but Ive bigger fish to fry.
Moral corruption is much worse than financial corruption to a Celtic fan.
Hail Hail

No Jim 😉

The Roar Goes On
November 28, 2019 12:09 am

That is correct, Jim, and I remember our under recorded attendances were a source of great angst amongst our support at the time.

We all knew the Kelly’s & Whites were at it, it was a long running joke waiting for every Saturday’s attendances in the Pink Citizen to see how many tens of thousands were ‘miscounted’ that week.

They did the same at the midweek and European games too.

I’ve been in the old CP filled to the rafters so you could barely breathe for numerous midweek games only to read it was ‘40,000’ or some such guff.

And this when it was standing room only.

The old Bhoys knew, cos they’d been through two wars and had seen first hand the lies and mendacious garbage thrown at them by their ‘caring’ governments and officials.

THEY knew we were just cannon fodder and grist to their mill of exploiting every last penny and ounce of blood they could from us.

Those guys weren’t stupid, they’d served under the warmonger Montgomery on behalf of the warmonger Churchill, they knew that war was only a means to decimate, if not eradicate, the entire working class.

The reason Peter had to stay on the side of Sevco is because that was part of his prior agreement, he got the job to prepare and cover for such a scenario.

The Masons have had fitba since the beginning and the ‘Old Firm’ is a political toll, nay, WEAPON, used deliberately by the political/military arm of the British State to keep Scotland divided.

That’s why they shout ‘There will always be a Rangers (even if it’s Sevco)!’

Cos the ludges know their prime importance in being the wedge between us all.

Divide & Conquer is the Masonic motto and they’re carrying it out very well thanks to fitba and its tribal rivalries.

Bread & circuses keep the eyes of the masses everywhere but where the real action is.

And the ‘real action’ has been my object of study for decades now and the patterns always coalesce into the fact that we’re being lied to on all fronts about everything.

For that’s how they make their money.

The Roar Goes On
November 28, 2019 12:11 am

Mahe:

So Sevco playing by the rules is more important than the fact Celtic FC is being taken for around 10 to 30 million a year?

Really?

No wonder we are where we are today.

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
November 28, 2019 12:14 am

LIONROARS

“He ADMITTED IT HIMSELF, mahe, and you guys will be in all kinds of trouble if I ever decide to report your illegal hacking of my private account to the relevant authorities in this country”

**

When you post on any site,you register your e-mail address with it. No hacking required. And if you’re stupid enough to believe AWENAW’s comment about data farming,well,you’re beyond help. But I guess it doesn’t take a university degree to figure that out.

Now,this site doesn’t do personal abuse,nor does it allow accusations-such as £1.3bn going missing-without adequate proof laid out for all to see.

So,if you have anything worthwhile to say which does not breach the above,please continue. If not,please desist.

mahe
November 28, 2019 12:18 am

Lions,
Who mentioned Sevco ?
The club I thought would fight for justice , just said no corruption is easy profit we will embrace it ,now shut up and pay up.
They sold out morally never mind if they fiddle books.
One I know.
The other you yell is true 😉
And its Thanksgiving holiday.
I need time to think. And plenty beer to kickstart the process.
Hail Hail

jimthetim53
November 28, 2019 12:21 am

BTW, The Citizen was Green. The Evening Times was Pink. I should know I delivered enough of them.

The Roar Goes On
November 28, 2019 12:24 am

I’ve already explained to you, Mick, any one of us can look at those accounts.

Furthermore, I GAVE YOU THESE FIGURES ALREADY, during the summer last time I was on.

I only cut & pasted them DIRECTLY FROM THE CELTIC ACCOUNTS.

You can check for yourself, same way as I can check if I sent you my REAL email address or the burners I make up on the Homepage when registering.

So which email of mine do you have, Mick?

My real one or my burner?

And why do you keep telling me to shut up about these missing figures from Celtic’s Operating Expenses?

The apparent loss of tens of millions per year of Celtic fans’ money doesn’t concern you?

Isn’t that what the main part of Res 12 is about, the loss to Celtic FC of c. 25 million due to Rangers’ illegal licence into the CL?

In what world is the loss of 25 million worse than the unitemised and wholly unaccounted for ‘loss’ of over 100 million?

This is not conjecture, Mick, it’s all there in the accounts.

Did you happen to study maths when you were at uni, Mick?

Do you know how to make numbers work for you?

The Roar Goes On
November 28, 2019 12:26 am

Aye, you’re right, Jim, it was the Pink Times, as I initially thought.

There was a weekend edition of the Citizen tae though, no?

I was just a wee lad at the time and The Citizen folded around 72 or 73, right?

jimthetim53
November 28, 2019 12:27 am

1974, I just checked to make sure I was right!

In the 1960s we sold ten Citizens for every Times. Couldn’t understand why it was the Citizen that folded.

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
November 28, 2019 12:31 am

ROAR

I’ll ask you again,if you have no proof then don’t post it here. I can tell how how to start your own site if you like,but you are way off beam with your figures.

People with much more experience in accounting than I have not suggested any skullduggery,and that is good enough for me,unless new information comes to light.

Simply adding up our total income over the last twenty years and saying it has been stolen does not cut it.

The Roar Goes On
November 28, 2019 12:35 am

Aye, they sold out morally, Mahe, I know that, it was that fact that put me off going to the games years ago, cos I KNEW they were in on Murray’s scam, at the very least knew about it.

And though the moral issue is a strong aspect for a club like Celtic, it doesn’t detract from the fact that the 25 million loss from that years CL is NOTHING in comparison to these bigger missing figures in the Celtic accounts.

So what you’re saying here is that you don’t mind if the board make Celtic fans’ money that is given to them in trust ‘go missing’, given to help our club grow bigger and more successful than any other club in Europe, if possible ..?

It’s okay by you that they rip us off, as if THAT isn’t a moral issue in itself?

Come on, Mahe, you might not have been to uni but I know you’re smarter than that 🙂

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
November 28, 2019 12:36 am

ROAR

Which addy? You don’t want me to post it,do you?

Margaret McGill
November 28, 2019 12:37 am

SFTB
Seriously?
At an AGM?
Mars bars?
Surely that cannot be true?
What more contempt can Tory pratts have for Celtic supporters than trying to make “difficult” concepts such as “greedy fucks” palpable to peasants than using Mars bars as an allegorical example?
Tories.
Posted it last night.

Margaret McGill
November 28, 2019 12:41 am

Lions
I share your anger
No casting aspersions on our hosts mahe and Bobby please.
They are the real deal. trust me.

jimthetim53
November 28, 2019 12:44 am

Mags, How much was a heated driveway in 2003, and did PL have one then? Using the Mars Bar scale of inflation, how much would it be worth now? (Thanksgiving Day 2019)

The Roar Goes On
November 28, 2019 12:46 am

Here you are, Mick.

It’s simple deductive arithmetic, Mick:

‘Operating expenses including labour increased by 14.1% to £87.1m (2017: £76.3m)

The exceptional operating expenses of £4.14m (2017: £1.53m) can be analysed as follows:

Exceptional operating expenses comprised
Impairment of intangible assets and other prepaid costs
Reversal of prior period impairment charges
Onerous employment contracts
Compromise payments on contract termination
2018 2017 £000 £000
511 287 – (64) 3,549 1,004 81 299 4,141 1,526’

So this is adding an exceptional 4 million to the combined salaries for the company, which are listed at some 57 million, making 61 million.

However, that now leaves a gap of 26 million’s worth of running costs unaccounted for.

And not once have I said they’re stealing it, Mick.

I’m simply asking why it’s not itemised.

Why would such a simple and valid question upset you so much, especially given that we now KNOW that our board is in bed with Rangers, Sevco & the wholly corrupt SFA?

Shouldn’t you be wondering about these missing expenses instead of telling me to shut up about them?

http://cdn.celticfc.net/assets/downloads/SE_notifications/Celtic_PLC_June_2018_Stock_Exchange_Announcement.pdf

The Roar Goes On
November 28, 2019 12:48 am

Okay, Mags, I will trust you on this, no casting aspersions on our hosts.

We’re meant to be all in this together through our love of Celtic after all.

jimthetim53
November 28, 2019 12:52 am

The Roar, out of curiosity, how much Rates did Celtic pay? Power costs? Security? Police? Stadium maint. Transport & hotels for players?

The Roar Goes On
November 28, 2019 12:54 am

You can check all that for yourself here, Jim.

http://cdn.celticfc.net/assets/downloads/SE_notifications/Celtic_PLC_June_2018_Stock_Exchange_Announcement.pdf

You don’t need me to read for you now, do ya?

jimthetim53
November 28, 2019 12:57 am

So they are operating expenses. Part of the missing£26m?

The Roar Goes On
November 28, 2019 12:57 am
The Roar Goes On
November 28, 2019 1:03 am

‘ Financial Highlights
 Group revenue decreased by 17.9% to £83.4m (2018: £101.6m)
 Operating expenses including labour decreased by 0.2% to £86.9m (2018: £87.1m)’

http://cdn.celticfc.net/assets/downloads/SE_notifications/Celtic_PLC_June_2019_Stock_Exchange_Announcement.pdf

As you can see, the revenue dropped by 14.5 million from last year yet the operating expenses stayed around the 87 million mark.

Now in what other business would your main man be allowed to lose 14 million in income and still have operating costs running the same as the previous year?

In what other business would that man still be in a job?

And in what other business would the Chairman be allowed to post the loss of 14 million quid as a ‘Financial HIGHLIGHT’(sic), and this not counting the outrageously high running costs for a Scottish club?

Margaret McGill
November 28, 2019 1:08 am

Jim and lions
Back in the day I had a paper run in Whitburn for a year for the times and the citizen. I can confirm citizen was more difficult to sell
About 30 times and about 10 citizens a night
Times were regulars citizens were not
One night I brought back 4 returns out of 10 citizens and the distributor told me to fuck off
It was my first big lesson in capitalism