According to two different sources, Dermot Desmond is preparing a complete purge of the Celtic board, according to a tweet from Roger Mitchell.
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In response to the Daily Record’s report of Celtic’s interim results, which showed an end-of-year bank balance of £67.3m despite investments in Lennoxtown, Barrowfield, and Celtic Park, the former SPL Chief Executive made a statement.
Even though Celtic is a financial and profit-generating machine, they have lost 10 points in the SPFL Premiership since the beginning of December and might open the Sunday match against Motherwell five points below second place.
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It was disappointing and not what was intended. Peter Lawwell expresses his annoyance with Celtic’s shortcomings in recruitment.
Declan Rice and Phil Foden honor the Celtic legend who is retiring.
The defensive tone of Peter Lawwell’s statement and the astounding financial figures come at a time when fans are frustrated with the team’s lackluster performance on the field or their inability to put together a convincing winning run.
The assertion that the Board of Directors sympathizes with supporters’ complaints with the January Transfer Window is a significant admission, raising the question of why this circumstance has arisen.
Who bears the majority of the blame for Celtic’s dismal season?
Chairman: Since his appointment, things have been declining.
Manager: A different man, weaker and more helpless
Recruitment: Four dreadful transfer windows are too much to bear.
DD: Dermot Desmond is the biggest individual shareholder of Celtic, but as he isn’t a board member, he shouldn’t be heavily involved in the day-to-day operations of the team.
But the truth is that most major choices need to be approved by the Irish billionaire who is credited with starting the process to reassign manager Brendan Rodgers last summer.
It would be shocking if there was a significant board purge. Lawwell served as CEO for 17 years before taking a short hiatus and becoming chairman again. Together, Tom Allison and Brian Wilson have worked in boardrooms for more than 40 years.
Michael Nicholson has been the CEO for more than three years. Before that, he was the Company Secretary from 2013 until December 2019, when he was promoted to Director of Legal and Football Affairs.
Since taking the helm as CEO, Nicholson has refrained from speaking with the media and has only ever discussed the Annual General Meeting.
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