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Lennoxtown worth over £30 Million, Westhorn between £5-10 Million

Since Glasgow City Council claimed they used the District Valuer Service to value the London Road Primary School I thought what would the valuations of Lennoxtown and Westhorn be if I used their resources too. The DVS is a dept of the Valuation Office Agency (VOA), part of HMRC, which are property valuers for the public sector and they … Continue reading

Glasgow City Council extended option on London Road Primary School and there’s no paper trail

As stated in the previous post, on 12 December 2013, Glasgow City Council Executive Committee approved the sale of land around Celtic Park including an option on the London Road Primary School.  http://www.glasgow.gov.uk/councillorsandcommittees/viewSelectedDocument.asp?c=e%97%9Di%93ny%8A And as we saw according to the Council’s documents the option, for 3 years only, was given on an Executive Committee document dated 19 January … Continue reading

More Corruption: Celtic’s Option on Primary School lapsed & Glasgow City Council extended it as favour

Yesterday, 12 December 2013, Glasgow City Council Executive Committee approved the sale of land around Celtic Park including the London Road Primary School.  http://www.glasgow.gov.uk/councillorsandcommittees/viewSelectedDocument.asp?c=e%97%9Di%93ny%8A When did Glasgow City Council offer Celtic the option, note: option and how long did it last, of purchasing the London Road Primary School site? According to the Council’s documents it appears on an … Continue reading

Why did Co-op Bank in 2009 need extra security on the Celtic loan facilities?

The paragraph above is the first appearance of Celtic PLC’s £36 million loan facility which matches with the Co-operative bank facility details. Note:There is also another loan facility there too which is partly drawn down. The paragraph appears in the 7th February 2002 Interim Results (6 monthly results until 31st December 2001). http://www.investegate.co.uk/celtic-plc–ccp-/rns/interim-results—replacement/200202071840291720R/ During 2001, when the Co-operative Bank … Continue reading

Did Celtic directors mislead Shareholders and Stock Exchange in 2001 to repay Co-op Bank debt?

http://www.investegate.co.uk/celtic-plc–ccp-/rns/issue-of-debt/200106291705041646G/ On 29th June 2001, Celtic PLC issued the offer above to raise £25 million by the issuing of up to 20 million New Convertible Preferred Ordinary Shares. The purposes of the offer being listed in the last paragraph above. On the 31st July 2001 it was announced that the offer only raised £22.5 million:  http://www.investegate.co.uk/celtic-plc–ccp-/rns/result-of-equity-issue/200107311138447672H/ Note: At this … Continue reading

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