Cautionary tale from Denmark


Midtjylland play their second league game of the season away to AaB Aalborg tomorrow evening, hoping to win their first points.  Aab finished seventh last term, so it is a game Midtjylland will feel they have to win to get their domestic campaign on track.

Celtic are free of competitive pressures this weekend, facing West Ham at home tomorrow, where we can give players still working on their fitness an hour, then rest them for the trip to Denmark.

There is plenty of confidence ahead of the second leg against Midtjylland after a solid performance on Tuesday night but the name Aalborg will cause many of us to flinch.  The then Danish champions travelled to Celtic Park in the 2008 Champions League group stage.  It is fair to say they could be the weakest team we faced at that level, but indecisive finishing, for some of the game against 10 men, and a missed Barry Robson penalty, meant the game finished 0-0.

Celtic bossed the return leg at Aab’s tiny stadium and Robson atoned for his penalty miss by giving the visitors a second half lead.

Here’s the thing about football.  You can think you are safe, then a deflected shot flies in from nowhere and a deflected cross hits a defender and allows a semi-professional outfit to beat Celtic to the Uefa Cup spot.

I hope we use every moment of our preparatory time tomorrow wisely.  Nothing can be taken for granted.

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  1. CHAIRBHOY on 23RD JULY 2021 2:32 PM



    That’s just about it. Nothing untoward, clandestine or underhand.



    How about the difference between exec directors and a non-exec chairman?

  2. DD shareholding — my understanding he got it to 30% with the 2001/02 “consolidation” rights issue.


    30% being an important figure on the main LSE list.



    If you build up a stake bigger than 30% then you have to make a takeover offer to the rest of the shareholders



    That was the time when various of his golfing buddies suddenly took the urge to invest £1mill each in the club — strange that but it got money into the club to keep the bank and its overdraft happy.



    DD shareholding — my memory points to his stake going up to 37% with the 2005/06 “emergency” rights issue. That meant that we lost our listing on the main exchange and had to move to the secondary LSE listing — AIM?



    They — AIM list — allow holdings above 30% to be built up but you have to jump through hoops to get it passed.



    So I think DD has a 37% stake in CFC.


    This has been the case since 2005/06.


    Significant shareholder not controlling shareholder.



    If this has changed then please spill the beans.

  3. Back to Basics - Glass Half Full on

    Adding layer upon layer on top of speculation isn’t particularly useful or informative



    … but it’s a blog so I’ll do it anyway.



    If the Edouard to Brighton rumour is true



    … I think this would be good for Odsonne.



    – lower expectations



    – Brighton are team that could actually do with an intelligent no. 9½ type?



    – If he gets 2 days off, it’s 3½ hours journey from Paris to go see his family

  4. JHB on 23RD JULY 2021 1:22 PM


    TURKEYBHOY on 23RD JULY 2021 1:17 PM




    I love an insightful answer – most of those at Celtic Park on Tuesday night were agreed that the Danes were there for the taking, just like St Mirren & Motherwell should be whenever they visit.






    Poppycock would be another insightful and correct response



    Still never fails to amaze me folks different take on the game and lack of understanding…, still goes to show you can watch football for years and know very little



    … I guess your playing join the dots They had a guy that once played 10 games for St Mirren therefore they are St Mirren …. Still the internet is better than the pub as years ago you had to listen to all the follow up drivel before making a hasty retreat

  5. Turkeybhoy?


    Should be called Turkey droppings for the amount of keech you spout.

  6. The shower is a squirrel


    lenny decision was taken the day before in a 7 hour board meeting.









    melb mick keep fightin the negativity




  7. check here for your tickets.





    because of the time of year it is, 2 family and a pal all offered me thier tickets for tomorrw, they are away on holibags. I was unsure over the rules , so i declined,



    given the simple arithmetic though I should surely get an offer for the next home game. fingers crossed/

  8. What about wee Paddy Nevin. Said his biggest regret was that he turned down a move to Celtic because he thought the offer was from Wigan !

  9. EKBHOY on 23RD JULY 2021 2:51 PM





    People do have different takes on the game – they are fully entitled to – that much is self-evident. You apparently read mine.



    I had no inkling that the Danes had an ex -Saint in their squad – ergo no “dots were joined”



    I totally agree with the sentiments in your final paragraph – the internet can be ‘better’ for some than the pub was years ago, not only for the reasons you give, but also because personal insults can be thrown around in a way they never would be in the pub.

  10. GEEBEE1978 on 23RD JULY 2021 2:17 PM




    Fair comment – my take was that on Tuesday night, they troubled us only in the way that a Motherwell, or, St Mirren usually do at Celtic Park. My comparison was based on the ninety-minutes played, and not on the overall stature of any of the three clubs.

  11. Yesterdays Gone, and Tomorrow may Never be thine.



    Neil Francis Lennon is an absolute Legend of a Celt.



    I’m so very excited about this new era under Ange.



    This could be good, Really really good. It will be the element of Surprise mair than Anything else I reckon.

  12. CELTIC40ME @ 2:36 PM,



    That’s just about it. Nothing untoward, clandestine or underhand.



    I wasn’t suggesting there was, it is something that most Celtic supporters are not sure about. At one point Fergus was talking about fan ownership, then a couple of seasons later we seem to have a main shareholder.



    Interestingly CQN ran a lead at the time urging Celtic supporters to sign up for the share issue or else we could see DD increase his shareholding, the share issue was oversubscribed but DD still increased his shareholding above the magical 30%.



    “How about the difference between exec directors and a non-exec chairman?”



    Well again, not being an expert I can’t give you a difinitive explanation.



    Though this seems a good one to me…



    What Is a Non-Executive Director?



    A non-executive director is a member of a company’s board of directors who is not part of the executive team. A non-executive director typically does not engage in the day-to-day management of the organization but is involved in policymaking and planning exercises.



    In addition, non-executive directors’ responsibilities include the monitoring of the executive directors and acting in the interest of the company stakeholders.



    The Chairperson is of course the leader of the Board and can be a NED or not.



    An executive Director is one who deals with day to day operations, normally in charge of an aspect or department of the Company.



    So let’s put it in the context of what we’re discussing.



    Brian Quinn as Chairman of Celtic Football Club and a NED would have had various roles, like the strategic planning of the Club as Chairman and his modification of the Juninho contract as a NED.



    In an interview almost a year old, an interview that hasn’t aged well it has to be said, DD gives an insight into the Board’s role and his influence we can see that Brian Quinn is an active decision maker.



    Celtic’s board, thinking what to do next, had contacted Guus Hiddink. Then Desmond stepped in.



    “In 2000, they were going to appoint Hiddink – after Barnes and Dalglish,” Desmond says. “The existing management were going to do that. I said, ‘If I am to be involved in the recruitment of a manager I want to meet him and look into his eyes.’



    “I told (directors) Pat Sheehy and Brian Quinn that I was going to Seville to meet Hiddink (then at Real Betis) and would they come along because I valued their opinion. On the day we met, there was a lawyer in Switzerland ready to sign the Hiddink contract.



    “When we met it was obvious to me that Hiddink didn’t have the requisite passion for the Celtic job. Both Pat and Brian agreed. On our return, it was decided that we would reorganise the board and management and we appointed Brian Quinn as chairman and subsequently headhunted Peter Lawwell. I took on the responsibility of looking for a new manager.



    Yet you of course raise an interesting point. Brian Quinn was obviously involved in the leadership of Celtic and took his role as NED and other fiduciary duties very seriously.



    When he left we had no leader of the Board and Big Pedro had free reign, we also had no NEDs willing or able to stand up to him. There was no one to look out for the minor stakeholders, including the fans.



    After Brian Quinn left until this very day the Celtic Board has failed to operate anything close to best practice.



    A reason why we are in the mess we are in today.



    Hail Hail

  13. We All must just show a wee bit of Patience as the classic Guns & Roses Song talks aboot, otherwise it is indeed an appetite for destruction.



    Our infrasture is built from Solid Foundations.



    Building a hoose on Sand is Madness.



    I Know Time is moving faster now but is it?

  14. CB,




    “After Brian Quinn left until this very day the Celtic Board has failed to operate anything close to best practice.”



    You are Bang on the Money with that statement.



    This isnae an Individual thing. Its a collective thing.



    Back the Celtic Team Forever and Ever.

  15. “FAIRHILL BHOY on 23RD JULY 2021 10:00 AM


    TONYROME-we are taking the 3 grandkids to seton sands for the weekend.”



    Many years ago, my father and his two brothers built a `hut` at Seton Sands ( We always called it Port Seton).


    Now,the `hut` would be called a seaside chalet but `hut` it was for us.


    All keen on the horses (betting on them !), they called the Hut `Ascot`. If I remember, it was R156. I haven`t got a clue if the huts still remain and, if they do, whether or not they are identified in such a fashion. I hope you and all the family enjoy yourselves as much as we did all those years ago.

  16. CB @ 3.46



    Are you sure about DD’s stake being 30%?


    I think it went up to 37% after the 2005/06 rights issue.


    That is why we now list on the AIM Index rather than the main FTSE index.



    My best guess — open to better info.

  17. Question: On how many occasions have you gleaned pleasure from watching Celtic?



    Answer: One Night in Lisbon.

  18. Chairbhoy



    “the share issue was oversubscribed but DD still increased his shareholding above the magical 30%.”



    Was it? I’m pretty sure it wasn’t and DD had to take up nearly the total he underwrote. I’d be interested to see the evidence of this.




    I’m glad you can see the distinction between exec and non-exec board member. Brian Quinn was a non-executive Chairman, unlike the traditional Chairman you keep making reference to.



    I’m a company that follows

  19. PETEC @ 3:52 PM,



    Yes, we need a much more rounded and talented Board.



    Always good to read your posts and hear your never diminishing passion.



    In Ange we trust!!



    Hail Hail





    The SHIPBANK sits on one corner of the Saltmarket….and 30 yards away ( In the SAME Block/Row) sits the Shop that you are looking for, at the other corner on the Saltmarket…just yards from the High Court entrance.


    Ye canny miss it…I believe it used to sell Nudie Magazines etc ?


    HH Mate.

  21. Good words from Ange.



    “I’m involved in everything, that’s just my nature as a person. Anything I’m going to take responsibility for I’m going to make sure I have input into and have a say. That’s part of getting to know me. I want to be involved in everything and I want to make sure I’m in charge of everything”



    “The proof of the pudding…..etc” – the best of luck, Ange!!!

  22. you bhoy, at the back , pay attention, eyes front






    Celtic PLC – significant shareholders.



    Dermot Desmond 32,772,073 30.6%


    Christopher David Trainer 9,796,784 9.14%


    James Mark Keane 5,909,847 5.52%


    Lindsell Train Ltd. 5,399,293 5.04%


    Thomas Eardley Allison 3,357,505 3.13%


    Banque Lombard 1,105,936 1.03%


    Peter Thomas Lawwell 356,000 0.33%


    Hargreaves Lansdown 206,000 0.19%


    Investec Wealth 118,000 0.11%


    Hargreaves Ltd. 89,000 0.083%

  23. “Ye canny miss it…I believe it used to sell Nudie Magazines etc” ?



    Just for clarity…The High Court didnt sell the Nudie Books ( As far as I know ?)







  24. In a company that follows best practice for corporate governance a non-exec chairman will have little to do with operations – that’s the role of the executives.



    If he was doing the chief executives job in 2005, PL had that job title by then, there was a serious breakdown in the governance of Celtic.



    I don’t think there was, a non-exec chairman either doesnt have the time or is not fulfilling his fiduciary duties as a ned if he’s doing the CEO’s job.

  25. MADMITCH @ 3:59 PM,



    Not sure, I’m doing most of this from memory and I have a memory like a sieve… Or Celtic Defence ©BSR.



    Of course I’ve googled articles for confirmation but haven’t dug too deep.



    From memory… The first issue took DD to 30% or just below (can’t remember where the threshold was)



    The next share issue in 2005 was to finance the state of the art academy… It was oversubscribed but DD got shares for his role in underwriting the share issue. He of course also holds different shares, it could be possible other shareholdings were shrunk while his shareholding increased.








    Of course Lennoxtown wasn’t developed as an academy but as a replacement for first team facilities at Celtic Park and Barrowfield.



    Hail Hail

  26. RNS Number : 1923G


    Celtic PLC


    22 July 2021






    Dividend Timetable





    The timetable for the fixed dividend on Celtic plc’s Convertible Cumulative Preference Shares of 60p each (“CCP Shares”) for the financial year ended 30 June 2021 is as follows:





    Ex-Dividend Date: 29 July 2021



    Record Date 30 July 2021



    Scrip Scheme – Mandate Return Date 10 August 2021



    Payment Date: 31 August 2021







    Holders of CCP Shares are entitled to participate in the Company’s scrip dividend reinvestment scheme, subject to the terms and conditions of the scheme. Under the scheme, new Ordinary Shares of 1p each are issued fully paid instead of cash. The closing date for receipt by the Company’s registrars of valid scrip scheme mandate forms relating to the 2021 dividend payment is 10 August 2021.

  27. CHAIRBHOY on 23RD JULY 2021 4:20 PM



    Quite, not over-subscribed as you said, fully-subscribed because of DD underwriting the issue

  28. GuyFawkesaforeverhero on

    Setting Free the Bears on 21st July 2021 1:37PM, 1:42PM



    Good luck with your charity initiative. I intend to add a contribution without being involved in active score predictions but neither of the two links from the 1.42PM post worked for me. The first comand link – can’t find the page. The second superbru link – we have a problem in a boxed message.



    I’ll be using the Last Man Standing paypal route, I hope it’s still up. I did the Macjay wreath collection to there. Coincidentally, my son, a Sean Patrick, was born in 2000. Sean Ryan – I will remember you.





    CONCACAF Cup Quarter-finals Sat/Sun Live Premier Sports, delayed transmission Freesports TV



    Qatar v El Salvador


    Mexico v Honduras


    Costa Rica v Canada


    USA v Jamaica



    We’ll be drinking Red Stripe lager out the Cup.

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