Desmond’s Stewardship of Celtic Slated as Farcical

The almost inexplicably poor way that Celtic has been run, is now garnering global attention.

The fact we have a serious title race for the first time in many years, and it involves clubs not based in Glasgow, has caught the attention of sporting journalists around the world.

However, for those willing to delve beyond the superficial, it immediately begs the question ‘how did this come to pass?’

Celtic’s dominance has been near absolute domestically for so long, that external observers are confused as to how one of the most profitable clubs in world football, has been reeled in by a twelve year old outfit and a club with 17% of Celtic’s revenues.

Renowned football executive, shareholding director and facilitator of club takeovers Charlie Methven, delivered a devastating takedown of Dermot Desmond’s stewardship of Celtic on his ‘breakdown’ podcast hosted on the ‘business of sport’ channel.

It is fascinating to watch parties with no vested interest in Scottish football, but with long experience in football boardrooms, dismantling the running of the club and arriving at the conclusion the fans arrived at many moons ago.

It’s farcical.

He starts by accusing the club of complacency. Confirming that Celtic’s native (non TV) revenues are massive, he notes that there are premier league club’s whose revenue’s barely exceed those of Celtic, and that’s with the benefit of the world’s most generous TV deal.

Interestingly he believes with the benefit of that deal and the accompanying commercial sponsorships, it would see Celtic’s turnover in the region of £400m and ensconce them firmly in the top echelon of the much vaunted EPL.

Something we’ve always known but is rarely acknowledged by EPL fans and journos, who for some reason fail to equate hypothetical participation in their league with receipt of the riches on offer.

He then references the old board’s notorious biscuit tin mentality and describes the current inexplicable hoarding of cash as a similar mindset.

Suggesting that an institution as significant as Celtic should possibly be utilising a multi club model and own what would effectively be feeder clubs.

Appalled by the club’s consistent European failings, he compares us most unfavourably to our European peers (financially at least) such as Ajax and Benfica.

In an exchange with the host, they discuss what they see as Celic’s laughable ratio of wages to revenue. The ideal percentage of spend being identified as 50-60% whereas Celtic splurge with a massive 20%!!

They acknowledge that Celtic fans are entirely entitled to see the money they invest in the business, in turn invested in the team and the stadium.

We’re not begging a billionaire to put his hand in his pocket, we’re asking that a PLC board running a profitable and sustainable club, demonstrate ‘responsible stewardship’ as Mr Methven describes it, in order to realise some demonstrably achievable goals which would see the club become a European force once again.

Methven also covers the obvious need for a stadium upgrade.

The final relevant topic was how to oust the malign, regressive influence that is the non executive director and minority shareholder Dermot Desmond.

Methven suggests fan groups should partner with private equity to buy out his stake. The private equity firm to exit in an agreed timeframe with shares offered to fans once more.

I believe we’re now at an inflection point.

Action is not only desirable, but absolutely necessary to ensure the future success and financial wellbeing of the club.

Mr Desmond and his minions have proved themselves unworthy of this Club’s legacy and especially of its fans.

Those ambitions we believe to be foundational, they believe to be aspirational.

This has proven to be an unbridgeable gap and the entire executive have demonstrated they are unable to meet the challenge.

Responses

  1. W Maxwell Avatar

    We’ve known this for 20 years.

    1. SonofCeltic Avatar

      Indeed, but the rest of the world thought we were just whining unreasonably. No more!

  2. Sean Casey Avatar

    Honestly John I’m a Sunderland supporter, as well as a Celtic season ticket holder since 94 when I moved up. Charlie Methven is a total charlatan and you will struggle to find a Sunderland fan that has a different opinion. Destroyed the club. I see so many parallels between the 2 clubs. Fortunately he GTF and club is excellently run in every respect now-recruitment, communication, fan engagement etc etc now under very young modern leadership. BTW I agree with you that we need modernised etc but not sure Methven is the guy to take advice from. ( I know your links with SAFC obviously too, most notably your uncle Billy and your dad’s short stay too). 🍀🐈‍⬛

    1. SonofCeltic Avatar

      We don’t need his advice, but it’s very interesting that the rest of the world is starting to see through the billionaire’s bluffing.

  3. Tom Rooney Avatar

    Fantastic analysis although we already knew it.

  4. Kevin Hughes Avatar

    Good work

    1. W. McAllister Avatar

      Irrespective of the writers comments above he is very accurate with his analysis of the situation. A buy – out of the Desmond shareholding is essential for the club to move forward. There are 1,000s of Celtic fans willing and able to purchase shares.

  5. W McAllister Avatar

    Irrespective of reputations, this is a considered and balanced view of the mess our Club is in. We should seek a buyer to purchase Desmond’s shares. There are many Celtic fans who would purchase shares in the club if the opportunity arose.

  6. Pacho Avatar

    Hi John

    Congrats on the blog. Give you a bit of freedom from some of the folk you have to out uo with on acsom man. No listened to it in a month and only time I did it was your day and JP. Thats it, rest or worth turning off for thats for sure:

    Anyway, if you know your history. As uo say in your St Paddy’s blog, I certainly do it was a repeated demand of father to son when I was a wee boay. And have Celtic history locked and loaded, the real stuff, but that also means have the mundane for when the old media narrative tries to fool folk to suit their hatred of Celtic

    ‘Scottish football needs hearts as Celtic have been cantering to the league for a decade’

    I wish hearts were with old rangers they are a repulsive club.

    Anyway, last season and Covid being outliers.

    The points total at the end of the season can cloud the memory. Celtic don’t necessarily win the league until after tje split – game 34 is a Celtic type of time,

    Rodgers said tile run ins are Celtic time, he said that mid April, pre split and in a race in his first season back. That tells you a lot mate, we have never had it easy. midway through every season tje league table swings are mad. But it takes serious institutional power, a history thats hilt on success and winning.

    See when the split comes every season? Celtic say…Hawd this. And go to town:

    No other club has a record close to ours or even in the ballpark in the split games.

    Hearts have won 2 games in 13 split games.

    Celtics last 10 split games read – won 8 snd drawn 2

    I know thats not relevant tk your point just wanted to end in a good note for any panic merchants

    Good luck with the blog I’ll keep an eye on it

    Cheers
    Don Pacho

    1. SonofCeltic Avatar

      Thanks for the good wishes buddy. Much appreciated.

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