The Celtic Paradox. Day 1 of 5.
A global brand on a parochial income base.
@CelticFC It is the only Scottish club in the Brand Finance Football 50. Revenue up 136% in five years, to £143.6m. Profitable for four years running. £77.3m in the bank.
And it earns in a league where domestic TV is worth about 3% of the one directly south. That part is structural, and no board can fix it.
The Paradox is the rest: the parts a board does control run softer than clubs in the same or worse positions run theirs.
Today we set it out. Tomorrow, where the gap opens up.
Read it: https://t.co/FH9PB1C8hT
#CSL
We have the balance sheet of a contender and the mindset of a caretaker, winning the league should never be the ceiling it should be the floor, £77m in the bank and the board act like we are skint,
Fans built the soul of this great club, it’s now time they had a bigger say in its strategy,
Back @celticCSL every member with a share owns a piece of this argument. The silent majority is silent no more.
#CSL
Aggregated under one proxy isn’t insignificant. It’s the difference between 29,000 individual holders a board can ignore and one named shareholder it has to engage with on the record.
Governance influence isn’t a head-count. Under the Companies Act, holders representing 5% can requisition a general meeting and force resolutions onto the agenda. That’s a fixed threshold, not a majority contest, and it doesn’t shrink because one holder is large.
You don’t need to outvote anyone to make neglect expensive to ignore. Celtic scores 1.2 out of 5 on governance against a peer average of 4.1. Organised shareholders are how that gets challenged. https://t.co/wc3LbVYuSp
@4done6togo@lionsroar67@celticCSL@MattMcGlone9 Be great to hear Matt’s take and also what position he holds in this organisation, not on companies house. All seems a bit PR heavy and governance light. This isn’t a serious challenge to the current board, it’s a few familiar faces and a Celtic legend being used if you ask me.
@4done6togo@lionsroar67@celticCSL Before giving someone my data I prefer to know they are legally allowed to hold my data and what they plan to do with it, each to their own but I’m not a believer in, they are Celtic men so they wouldn’t shaft anyone, our current board are all Celtic men….head not heart.
@4done6togo@lionsroar67@celticCSL Where is the legal entity, not a job on companies house? Where is the ICO registration? Where is the governance framework? If they are opening up to non season tickets holders they are no longer “The season ticket alliance”
@4done6togo@lionsroar67@celticCSL Is?? When and how? Where is my data being used and for what purpose? How does the STAT know who is and who isn’t a season ticket holder? Do they ahve access to Celtics data? I very much doubt that. How can they be sure everyone signed up is a ST holder?
@4done6togo@lionsroar67@celticCSL You know this organisation is only available to season ticket holders? Do you believe that is representative of the global fan base? Do you believe a man who sits with this current board every week is the man to enable change? You are being led by your heart not your head.
Our team won the Double at the end of a very bruising season that asked everything of us all.
Their job is football. Ours is holding the club off the pitch to the standard the support deserves.
This week, we act on that.
#CSL