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Celtic Trust decide to hold board to account over Resolution 12 (now morphed into Resolution 11, 2020)

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The Celtic Trust has agreed to hold the club board accountable over the infamous Resolution 12 of the 2013 AGM.

When the issue was first raised it questioned why the SFA granted a UEFA licence to a club with overdue payables (the Wee Tax Case owing HMRC £2.8m) which was in clear breach of UEFA’s Financial Fair Play rules.

Effectively Celtic were denied a place in the Champions League qualifiers by playing by the rules. At Ibrox Dave Murray agreed a £4m deal with Rapid Vienna for Nikica Jelavic rather than settle up with HMRC for a bill resulting from the payments made to Tore Andre Flo and Ronald de Boer that weren’t disclosed to the SFA or SPL.

The issue was highlighted by a group of concerned shareholders but was met initially with indifference by the Celtic board which has now developed into reluctance.

All that the shareholders requested was a UEFA audit of the SFA procedures, at the 2020 AGM while voting down the old Resolution 12, the board under Resolution 11 promised to pursue continue the issue of the Judicial Process abandoned by the SFA.

Following last night’s Zoom meeting of Celtic Trust members Auldheid shared the news on Sentinal Celts:

I attended CST Zoom meeting tonight and came away a happy bunny in respect of Res11 – Res12 has done its work but Res11 is alive and kicking. I don’t want to mention detail or other stuff that was covered as that is the CST prerogative, but I was very encouraged on hearing the direction of travel.

I think the support at large is awakening, apart from CelticForChange 2021 who had to pull the petition because of dark side interference but hope to be back in the game tomorrow, the Association of Irish CSCs (AICSC) made a statement you can read at https://www.aicsc.com/aicsc-statement-3/ and I would expect the CSA will have to follow.

Despite the demise of Rangers into liquidation in 2012 there is still no form of Financial Fair Play in Scottish football.

Qualifying and reaching the last 16 of the 2012/13 Champions League added £26m to Celtic’s turnover compared to the previous season in the Europa League. Victor Wanyama and Fraser Forster were later sold for a combined £24m with their displays against Barcelona confirming their quality.

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