Dear Mr Bankier
Dermot can’t come to the AGM today because he isn;t feeling very well.
PS, if the shit hits the fan text me lol.
The fans certainly wanted to hit the shit though….
Some readers may be old enough to remember the editorial narrative of the Celtic View back in the days when we last had a self serving board. a narrative which earned it the nickname Pravda, after the news agency from the old USSR which had been known to promote the communist party line as opposed to reporting news.
Younger readers have the BBC.
In this digital age, it was left to the official club website to report on yesterdays AGM, presumably in the hope someone would be daft enough to believe them.
Celtic plc’s AGM for 2021 took place today (Wednesday), at Celtic Park, with shareholders attending in person at the stadium and also online.
But not Dermot, though he did send in a note from his mum.
Chairman, Ian Bankier led the meeting, and he was joined by his fellow directors, and Celtic men’s first-team manager, Ange Postecoglou, and the women’s team manager, Fran Alonso.
After the chairman welcomed shareholders to the meeting, a series of video interviews were shown, featuring Ian Bankier, acting Chief Executive Michael Nicholson, Finance Director, Chris McKay, Celtic FC Foundation Chief Executive, Tony Hamilton, men’s first-team manager, Ange Postecoglou, and women’s first-team manager, Fran Alonso
You can see them online. Alternatively, you can light a couple of cigarettes and stick them in your eyes.
In the formal business of the AGM, the first 10 Resolutions were proposed by the board, nine of them ordinary resolutions, with Resolution 10 a special resolution.
Resolutions 1-4 were passed, while a poll was called for Resolutions 5 & 6. And Resolutions 7-10 were passed.
A poll. This creates the illusion of democracy. In reality, Bankier texted Desmond who has more votes than everyone else put together.
The first Resolution sought to confirm the Auditor’s Report, the Strategic report and the Directors’ Report for the year ended June 30, 2021.
In Resolution 2, Michael Nicholson was appointed as a director of the Company, while in Resolutions 3 & 4, Dermot Desmond and Tom Allison were re-elected as non-executive directors.
Resolution 5 called for the re-election of Brian Wilson as non-executive director, and Resolution 6 called for the re-election of Ian Bankier as non-executive director and chairman. A poll was called for both of those resolutions.
And this “poll ” resulted in the re election of both.
BDO LLP were re-appointed as auditors of the company after Resolution 7, and Resolution 8 granted authority to the Board to determine the Auditor’s remuneration while Resolution 9 granted the Directors a general authority to allot shares and Resolution 10 granted the directors authority to disapply pre-emption rights.
Resolutions 11 & 12 were special resolutions, requisitioned on behalf of certain shareholders.
Resolution 11: That the Board provide an update on resolution 11 from the 2020 AGM and add a Note of Concern regarding the same to the 2021 AGM records.
Resolution 12: That the Board publicise plans related to the current Board members and set up a Relationship Agreement.
A poll was called for both of these resolutions.
The “poll ” rejected both
The Chairman then gave an update on the Fans Forum, before a video tribute to former Celtic captain, Scott Brown, was shown.
This was followed by a lively question and answer session, and the AGM finished with a moving video tribute to Lisbon Lion, Bertie Auld, who sadly passed away last weekend at the age of 83.
Other sources indicate that it was a little rowdier than that.
Bankier looked a little shaken that he hadn;t been metaphorically carried shoulder high across the room back into the chairmans seat.
Wilson was a little more philosophical, in that he gave the impression that he pitied those who didn;t see what a fantastic asset he is for the club.
He was asked about his recent Walter Smith obitury in the guardian , where he said Rangers had been demoted as a consequence of administration….
“That was an error on my part. I apologised for it and corrected it immediately. It was an obiturate I was writing. I’ve been writing them along time In the guardian.
“It has nothing to do with my role at Celtic.
“The audience I’m particularly concerned about are those who are affected by the loss. I tried to put it in context and in this case I got something wrong. I’m very aware of the reality of the issue you refer to. I apologised before I apologised again and can say no more than that.”
Corrected it ?
What he actually did was simply remove the reference, mentioning instead that Smith was
However, by this time, the club was caught up in a bewildering series of intrigues and takeovers. Smith was a man of great probity and not even his loyalty to Rangers or to his friend Ally McCoist, who had taken on the role of manager, could persuade him to stay in an Ibrox environment he did not recognise.
Thats not a correction.
But the real contempt came from Bankier, who once described Celtic fans as racist when they questioned and criticised a former board member, which Bankier decided was anti semitism.
He was asked when the club would have people who care about it running it…..
I’m not going to win any applause from this room, ”
“I understand the disappointment but to condemn the board on wide generalities, one that’s delivered football and financial success over 10 years, is short-circuiting.
“Our style is to do business behind closed doors and you might not like that, but it’s the way it works. I know you can’t see it but the progress we’re making and extent we’re competing is good at the moment.
“Europe is a different environment than it was 20 years ago.”
” Our style is to do business behind closed doors ”
If no one can see what you’re doing, they can;t see what you’re doing wrong.
If no one can hear what you’re saying, then they can’t question it.
Right there is a statement that betrays the absolute contempt in which this man holds the Celtic supporter and the Celtic shareholder.
We have to trust a man to act in Celtic’s best interests even though, as we shall see, he won’t define exactly what those interests are.
Bankier and Wilson were rejected by the small shareholder, but endorsed by our absentee landlord.
Some may say that was inevitable, and of course it turned out to be that way.
Whilst supporters turned up to what is an outlet for their concerns and passion, the guy who makes the decisions couldn’t be arsed.
He didn’t have to.
He might take an interest when income falls, and with it the share price. but until then things will stay the same.
The long running campaign for clarity around the governance of the game in Scotland, which began as Resolution 12 a few years ago has morphed into a campaign to get Celtic to explain their part in the whole 5 way agreement issue that led to a new club pretending to be an old club and promptly setting out accruing a debt level unprecedented in Scottish football if you don;t count the old club.
You didn’t know that, did you ?
there’s a hell of a lot to be discussed on this issue, one that I’ve neglected for a while largely due to being a lazy fat bastard who sometimes wonders if it’s worth all the hassle.
Then along comes an AGM and I feel a fire burning in my belly.
Two Rennies later it hasn;t gone away.
What we saw yesterday was a politburo defending their behaviour over an issue that once threatened to destroy the game in Scotland, and take our club with it.
What we saw yesterday was a politburo trying desperately to avoid having to answer claims that they’re doing exactly the same fucking thing right now.
When all is said, and believe me, there’s a lot to be said about this that even I was previously unaware of, and all is over, because it’s not over, not over by a long way, then that little bit of fire in me that began at about the same time as the AGM yesterday and is a roaring inferno as i hammer out these words, will have spread quite some distance, and if it does, at least we’ll have the satisfaction of burning down the building before someone else closes it.