Celtic’s majority shareholder Dermot Desmond has made the Irish Times being branded the fifth most wealthiest person in Ireland on a list of billionaires!
Celtic’s majority shareholder comfortably made the list of 17 Irish billionaires.
The Irish Times writes:
5 Dermot Desmond: €2.02 billion (Down €40 million)
Desmond founded National City Brokers in Dublin in 1981, which was sold to Ulster Bank in 1994 for a reported £39 million. He has investments in a broad range of companies and entities including Celtic Football Club.
A whopping £2.02billion is an eye watering amount for any one person. However, you wouldn’t know Celtic’s majority shareholder is a billionaire because it doesn’t trickle down to the club in any major way.
Desmond has put Lawwell in charge of the day to day operations and doesn’t even attend AGMs. Last AGM he sent his son to sit on a panel with board members
The billionaire rarely gets to games either and you’ll see him at cup finals or the odd game where we lift the trophy.
Many would like to see Desmond take more of an interest in Celtic. There’s thousands of supporters who put their hard earned cash on the table for Celtic to support the club and the majority shareholder is perceived to be disinterested at times.
With bonuses, payments in kind and his wage, Desmond has allowed Peter Lawwell to become the best pod chief executive in the UK.
