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Can you tell me who has brought this case, and to which authority?

Is it a fiscal case? criminally fraudulent? Maybe it's just a case for the higher Europen football authority?

I have no idea who brought the case, but it is being investigated. The authority who will be investigating it is the European Commission. It is of course a financial case. The EC don't have to prove any criminality or corruption happened. Only how much you benefited from it. They'll be looking at if you...

1. Received a grant

2. A loan below commercial rates

3. Purchase of shares

4. Received training or consultancy from public funds

5. State acting as guarantor

6. Writing off of debt

7. Sale of public owned asset at an undervalue

UEFA won't be investigating it, as that is a conflict of interest.

I do find it strange how unmoved supposedly more sensible Celtic fans are by it. As if they think no punishment could ever happen as a result. The EC can impose unlimited fines, or force the original aid to be repaid in full. You only have to look at this case to see what they are capable of.

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I have no idea who brought the case, but it is being investigated. The authority who will be investigating it is the European Commission. It is of course a financial case. The EC don't have to prove any criminality or corruption happened. Only how much you benefited from it. They'll be looking at if you...

1. Received a grant

2. A loan below commercial rates

3. Purchase of shares

4. Received training or consultancy from public funds

5. State acting as guarantor

6. Writing off of debt

7. Sale of public owned asset at an undervalue

UEFA won't be investigating it, as that is a conflict of interest.

I do find it strange how unmoved supposedly more sensible Celtic fans are by it. As if they think no punishment could ever happen as a result. The EC can impose unlimited fines, or force the original aid to be repaid in full. You only have to look at this case to see what they are capable of.

The land was sold as part of a land regeneration project in Lennoxtown on the grounds of the former Lennox Castle Hospital.

The hospital had to be demolished before the training ground could be built and that costs a lot of money to redevelop.

The training facility would eventually bring income and jobs to the community and was seen as part of the local councils business plan and development of the area.

I'm no expert but I do know that there are many government funded projects for regenerating "BROWN ZONES" so that companies will move in, and looking at the web for detailed info on the training complex it would appear that the land may have been sold off cheap and flattened to entice the club itself to build there and the club itself actually built the complex thus pushing up the value of the land because of the complex itself.

The land as a disused crumbling hospital had no value in the first place to anyone if it wasn't going to be used as a hospital, as far as Celtic making a profit on the land ???, it will never be anything other than Celtic's training facilities for years and years to come so unlike the Mordhor Screacher claiming Celtic stand to plough £40 million into it's squad is pure pie in the sky

We all know about negative goodwill as seen when Sevco Scotland bought Ibrox and it's assets cut price with £20 million shaved off it's actual value, so will sevco be investigated for the same crime ?.

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We all know about negative goodwill as seen when Sevco Scotland bought Ibrox and it's assets cut price with £20 million shaved off it's actual value, so will sevco be investigated for the same crime ?.

That's for BDO to decide, not the EC.

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The land was sold as part of a land regeneration project in Lennoxtown on the grounds of the former Lennox Castle Hospital.

The hospital had to be demolished before the training ground could be built and that costs a lot of money to redevelop.

The training facility would eventually bring income and jobs to the community and was seen as part of the local councils business plan and development of the area.

I'm no expert but I do know that there are many government funded projects for regenerating "BROWN ZONES" so that companies will move in, and looking at the web for detailed info on the training complex it would appear that the land may have been sold off cheap and flattened to entice the club itself to build there and the club itself actually built the complex thus pushing up the value of the land because of the complex itself.

The land as a disused crumbling hospital had no value in the first place to anyone if it wasn't going to be used as a hospital, as far as Celtic making a profit on the land ???, it will never be anything other than Celtic's training facilities for years and years to come so unlike the Mordhor Screacher claiming Celtic stand to plough £40 million into it's squad is pure pie in the sky

We all know about negative goodwill as seen when Sevco Scotland bought Ibrox and it's assets cut price with £20 million shaved off it's actual value, so will sevco be investigated for the same crime ?.

Don't be so modest lol

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:) Indeed, but begs a question from it though. One could claim that The Clone Rangers got over £20 million to spend on it's current squad :lol: .

Obtaining a private clumpany for well below market value is different from obtaining public assets for well below market value. For one thing obtaining a clumpany on the cheap only benefits the original buyers. Where as obtaining public assets on the cheap benefits all the shareholders, which gives that company an unfair advantage over their other rivals.

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Obtaining a private clumpany for well below market value is different from obtaining public assets for well below market value. For one thing obtaining a clumpany on the cheap only benefits the original buyers. Where as obtaining public assets on the cheap benefits all the shareholders, which gives that company an unfair advantage over their other rivals.

Good point and well put, so then there would need to be proof that the club intends to develop the land to sell it off as a commercial profit so that the shareholders gain financially. The club has no intention of selling of it's state of the art complex which the club paid millions to build and if the club sold it off in 50 years time would that be seen as profiteering ? and who would value a training complex at £40 million plus if they would have to flatten the land before redevelopment ?.

Another point of argument you put across as well was the shareholders seeing their share value increase with the complex independently valued at £40 million plus as an asset of the club. How many major shareholders have totally cashed in since the complex was built ?.

Any investigation would need to find someone somewhere in all this who has financially gained from the purchase of public brown zone assets.

Any company seeking an extension of their assets will always seek the best price and option and if Lennoxtown council voted in favour of reducing the land value plus maybe demolition to lure the club to build their complex there, and with government financial aid included as it would be all legal for redeveloping a brown zone site. The council could claim that they a the major benefactor here as it brought in jobs to the community and increased the towns revenue significantly just by having the complex built there and outweighs the pittance they sold the land for to generate more jobs and income for the community there.

It's OK picking out the bits you want to convey a point but I don't see the other fans other than the sevconians crying out that Celtic have been financially ripping off the public so they could have extra millions in the bank to spend on players and that means they are effectively cheating or defrauding the public.

If everything comes aboard all legal then this thread was created by a hurting sad pathetic fan who only wants to see Celtic suffer more than they did when their club went tits up and would use any twisted agenda to do so.

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City regulator to launch formal investigation into the Co-op bank crisis.

You wouldn't want to have a low interest loan with them.......

Your club will be lucky to have any sort of loan from any bank and with Wonga rates just because the risk factor is through the roof :) , the stick on certainty that The Clone Rangers will enter admin at some time this year will scare off every financial institution because they will be offered a pittance back from a CVA :lol: .

So while you're hoping for ra Hoops to suffer financially your club will be there long before Celtic ^_^ , do enjoy the journey :1eye .

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Why would Celtic be worried about an investigation in to the co-op bank crisis?

Celtic might have a loan facility with them but the club don't dictate the terms of the loan so it's on the bank if there are any issues. It's not like Celtic can be punished for accepting a low interest loan

Should the loan be called for whatever reason and Celtic are unable to cover the whole balance i'm sure they would be able to secure another loan elsewhere. Will that be a big win for some people if Celtic have to pay a higher rate of interest on a loan than the currently do?

Seems odd that folk are getting bent out of shape over interest rates a football team pays to cover a loan, do the same folk get angry when they hear that people got a better mortgage rate than they did?

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Why would Celtic be worried about an investigation in to the co-op bank crisis?

Celtic might have a loan facility with them but the club don't dictate the terms of the loan so it's on the bank if there are any issues. It's not like Celtic can be punished for accepting a low interest loan

Should the loan be called for whatever reason and Celtic are unable to cover the whole balance i'm sure they would be able to secure another loan elsewhere. Will that be a big win for some people if Celtic have to pay a higher rate of interest on a loan than the currently do?

Seems odd that folk are getting bent out of shape over interest rates a football team pays to cover a loan, do the same folk get angry when they hear that people got a better mortgage rate than they did?

The bears would have you believe that the evil overlord Peter Liewell is running the country, and it was he who dictated the loan interest rate to the benefit of all things Celtic to crush ra mighty Gers with better players than they have :lol: .

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Exactly. Close it

Close feck all Hoopy :angry: , leave it be as a testament to the fuckwits desperate straw clutching just wants Celtic to die stupidity :D . Every alias the roaster comes back as this will haunt him by the amount of bumps the tic fans will give it :cheers .

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