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Financial Integrity

This category contains 168 posts

Sporting Integrity: Were Celtic Benefiting From The Manchester City Shadow Contracts?

The lack of Scottish Football media reporting of Manchester City being charged by the English Premier League for financial misdemeanors (charges above) demonstrates how exposed Celtic are under this investigation. There’s a lot of hiding & suppression of stories going on. Normally the usual rags would be all over this issue. Looks like EPL, from … Continue reading

The Celtics Are Well Matched

Celtic FC love to attach their name to celebrities and recently it was discovered that US President Joe Biden’s secret service codename is ‘Celtic’. It came out in reports on his son’s, Hunter, laptop being left by the druggy meth head at a repair shop: Source US media and social media services censored the details … Continue reading

Scottish Football’s Connection to Facilitation of Russian Oligarchs: Rietumu Banka 33% Owner Dermot Desmond. Is He Fit & Proper SFA?

In 2016, this blog highlighted that Dermot Desmond, current controller of Celtic PLC, was also the 33.1% owner of the Latvian bank, Rietumu Banka, that was found to have committed money laundering offences moving money for Russian Oligarchs. https://footballtaxhavens.wordpress.com/2016/07/07/fit-proper-dermot-desmond-owns-33-of-latvian-bank-reported-fined-for-money-laundering-and-tax-avoidance/ An additional post in 2018 highlighted that Rietumu Banka was providing services for those Russian Oligarchs … Continue reading

Switch Off The Disco Lights When You Leave

“Never shoot yer mooth aff no matter who you meet if bullshit got you ta the tap of the tree” ~ Watt Nicol Peter Lawwell, the ‘acclaimed’ CEO of Celtic will be gone at end of season. He will be a Separate Entity to Celtic just like the Celtic Boys Club. Will he be known … Continue reading

Muddling Through With the Three Stooges with their Scorched Scottish Football Earth Policy of their Master Will Not Reach a Solution For Next Season. Status Quo Not an Option.

Lawyers, PR and Politicians (Labour/SNP same football shirt underneath) Rod McKenzie’s fingerprints are all over the shenanigans with the two SPFL sycophants, Neil Doncaster and Murdoch MacLennan hiding behind McKenzie ‘metaphorically’ and his statements including the pre-written one in reply to the Rangers dossier speedily sent out before reading it. Here’s Mr McKenzie representing the … Continue reading

Celtic Redevelopment Indoor Training Centre at Westthorn shows the EU State Aid case was valid. The DV was correct. Abnormal Costs are Corrupt.

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 Player Football Debts March 1994: Charlie Nicholas owed £100,000 by Celtic for over 3 Years then given Dempsey Land/House Tax Avoidance/Side Deal/Football Debt deal.

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’s Conflict of Interest remains even though O’Brien and Desmond have sold their INM Plc shares. Teams Realise They’re All SPFL Bitches Now!

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

Football Debt: Stoke City’s compo for poaching Lou Macari was unpaid overlapping 2 seasons. Why did the SFA allow Celtic to start 94/95 season with it outstanding?

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

Celtic 1992 HMRC investigation of Unpaid Payroll Tax in 1994 Accounts. Tax Avoidance scheme, Side Deals, Cash and Disguised Payments.

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