Stephen McGowan tears Dermott Desmond apart with brilliant veiled Ibrox wind-up jibe
I like a good roast. Especially when it comes to the Celtic board and by God did they get a roast at the AGM.
But what could be better? When the board gets a roast and they also tear up the Ibrox crowd.
And that’s exactly what Stephen McGowan did when he criticized the main shareholder for his absence for the fifteenth year in a row, âHis immense fortune earned him 30 percent of Celtic’s shares in exchange for 100 percent of the vote.
âAnd there is something wrong with that. Parkhead’s last annual general meeting provided further evidence of a disconnect between the men who run Celtic and the grassroots shareholders who support them.
âBefore Desmond joined forces with Fergus McCann, the club was run by a cartel of private families.
âThe Kellys, the Whites and the Grants have passed on their shares from generation to generation.
âAnd their Marie-Antoinette approach to customer relations ultimately drove the club to the brink of liquidation. Or demotion, as director Brian Wilson might say.
âIt won’t happen with Desmond at the helm – and that’s not a bad thing.
The basic premise of whether Celtic would avoid liquidation because of a billionaire is neither here nor there, as the accounts show.
Celtic don’t rely on Desmond’s handouts to keep the club afloat or to transfer funds.
So, should fans be looking to kick an absent owner or hedge their financial security bets while those at the top continue?