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Glasgow City Council Valuation of Westthorn Since Celtic bought Westthorn for £675,000 in 2009, from Glasgow City Council, they have done nothing with it except use it as security on the Co-Op Bank low interest overdrafts and loans. Note that Westthorn was bought after Celtic decided to move their training centre to Lennoxtown. It would … Continue reading
Celtic’s Bankruptcy Threat Trigger was March 1994 Sheffield United Demand for £350,000 for Willie Falconer In fact it was demands for a player debt that prompted the Bank Of Scotland to call in Celtic’s overdraft. Willie Falconer was signed in January 1994 from Sheffield Untied for £350,000 and it was the demand for that full … Continue reading
Murdoch MacLennan reading oath at Leveson Inquiry 10 January 2012 link. INM Plc Has Gone Private But Conflict of Interest Remains Last year Denis O’Brien, Celtic shareholder who had 29.9%, and Dermot Desmond, controlling shareholder of Celtic Plc, had 15%, respectively of INM Plc. A Belgium based media group, Mediahuis, firstly acquired a percentage of … Continue reading
Data Protection Problems with Emails at INM Plc In 2018, the first major problem Murdoch MacLennan, as a director and then as chairman of INM plc, had to deal with was serious Data Protection problems concerning Denis O’Brien. Such was the gravity of the concerns, that the irish corporate regulator, ODCE (Office of the Director … Continue reading
One of the first things Fergus McCann did upon taking over Celtic, in March 1994, was sack Lou Macari a couple of months later in June 1994. Macari was not quite 8 months into a 3 year contract. As Celtic did with Tommy Burns at Kilmarnock, after Lou Macari was poached, Stoke City only allowed … Continue reading
In a previous post we highlighted the revisionism of several of the Celtic annual accounts after the Fergus McCann takeover in March 1994. One of the main items was Unpaid Payroll taxes which were detailed by Mr McCann in the Celtic 1994 accounts: In the notes the figure of £170,485 is given, in the first … Continue reading
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