The AGM has kicked off at Celtic Park this morning and it started on a light note with a ‘what about James Forrest last night comment’ coming from the room.
Then it was straight down to business.
Peter Lawwell goes straight to addressing the club’s finances and tell shareholders the club break even after Champions League money. Any profit is down to their player sales – a model which the club have developed to buy low and sell high with great effect to this point.
Evening Times reporter Alison McConnell is providing some live updates.
PL: ‘We invest everything into the club. The club breaks even after CL money. £17m profit down to player sales.’
— Alison McConnell (@alibali76) November 21, 2018
With regards to the summer window, Peter Lawwell blamed the market rather than take any sort of responsibility for the failings which hindered our start to the season.
What the chief executive did say, however, is that there’s money to spend in January and the plan at present is to back the manager as much as possible.
PL: ‘market is difficult. All frustrated after summer window. We want to invest, there’s money to invest, we’ll look to do that in Jan.’
— Alison McConnell (@alibali76) November 21, 2018
We’ll see.
Full of bs