Celtic Supporters Ltd

Tom Allison’s departure from the Celtic board is another clear sign of why governance reform is now non-negotiable. A Non-Executive Director is there to provide independent challenge, oversight and accountability. Not to sit in place for 25 years. Basic UK corporate governance standards widely point to a maximum 9-year tenure for NED independence. Allison joined in 2001. That is nearly 25 years. Independence is impossible at that point. The same questions now apply to the rest of the board: • Dermot Desmond, board influence stretching close to 30 years • Brian Wilson, over 20 years • Peter Lawwell, until his recent exit • other long-standing appointees who have presided over decline, drift and zero accountability Where is the challenge? Where is the scrutiny? Where is the independent thought? This is how boards become echo chambers. This is how “puppets” are kept in place to rubber-stamp rather than challenge. Dermot Desmond, as principal shareholder and power broker, should not be occupying the role or function of an effective NED. A true NED must be independent from executive influence and controlling shareholder interests. By definition, he is neither. This is exactly the governance failure CSL exists to address. Fresh voices. Term limits. True independence. Real accountability. Celtic deserves a modern board, not a closed circle. #CSL @Pmacgiollabhain @mcgowan_stephen @ACSOMPOD @PaulJohnDykes @Heavidor @cancelticbhoy @huddlebreakdown @celticbars @CelticStarMag @20MinuteTims @ForCelts @HereCelts

Not one seller. Thousands. Small holders exiting. Estates being settled. Lapsed or untraced shareholders. People rebalancing or needing liquidity. Bits of stock move all the time. This is not one block trade. It is steady accumulation in a thin market. The opportunity is not finding one seller. The opportunity is coordinating demand over time.

@celticCSL @ACSOMPOD Who's selling shares at that scale?

We have 3,700 followers on here. If every one of you was a member at £15 per month, that is £55k a month, £660k a year going into share acquisition. That is not theory. That is scale. Scale means shares. Shares mean votes. Votes mean influence. Influence is how you hold to account those who think they are unaccountable. Aggregate. Accumulate. Activate. If you support what we are doing, step in. Do not sit on the sidelines. Join. That is how this gets done. #CSL @Pmacgiollabhain @ACSOMPOD @PaulJohnDykes @huddlebreakdown @yogijunior3 @celticfanzone @celticbars @ForCelts @HereCelts @CelticStarMag @20MinuteTims @TheIrishVoiceUK @ParadiseView88 @TheParkheadF @NaomhPadraigCSC @LurganCeltic @celtsinlondon @ahaggerty10 @AnthonyRJoseph @bhoysviews @NYFenianBhoys @PloughBhoysCSC @The_BronxBhoys @LisbonLionsCSC @Lisboncscbray please share

Different approaches, same goal. If someone wants to commit capital, fair enough. If others want to build it member by member, that matters too. We are focused on a simple model: • transparent • one member, one vote • long term accumulation of influence No shortcuts. No reliance on any single individual. If it brings more fans into the conversation and closer to having a real say, that is a positive step.

@celticCSL @yogijunior3 Lord Willie's firing in £10 Mill just for email addresses

@johnmct63 Great John welcome on board. Send us and email and we will forward you the most recent members meeting presentation. Please state your X handle in the email.

@celticCSL Just joined up.

@shutitfatboy Easy to dismiss it like that. Harder to do something about it. This only becomes real if people step in and build it. If not, nothing changes and the same voices stay in control. Everyone wants change. Not everyone is willing to take part in making it happen.

@celticCSL If my aunty had baws

There is no separate “weaker” class being targeted. The shares available to buy carry voting rights. One share equals one vote. The register is spread across thousands of holders. Some are active, many are not, and shares move over time through sales, estates and transfers. We are simply buying from that existing pool and building a larger, coordinated voting position. That is where influence comes from.

@celticCSL @Pmacgiollabhain What level of shares are available? They certainly won’t have the same voting rights as DD I’d imagine.

You are thinking about this as all or nothing. It does not work like that in PLC governance. You do not need majority control on day one to create change. A few points: • 5% calls an EGM. That forces issues onto the agenda and into the open • 10–20% with coordinated votes and proxies becomes a serious bloc, especially given typical AGM turnout • A unified, organised minority can influence outcomes, block resolutions, and shape decisions Control is not only about ownership. It is about pressure, visibility, and coordination. On the “one seat” point. It is not about a token seat. It is about forcing engagement, scrutiny, and accountability in a room that currently does not have it. Boards do not operate in a vacuum. Reputational pressure, voting blocs, and organised shareholders change behaviour long before majority control is reached. If nobody builds that bloc, nothing changes. If it is built, the dynamic changes immediately.

@celticCSL If Desmond won't sell & a few others also chose to hold on to their investment how will your buying shares change anything? Where would the influence come from if they still have a majority of the votes? What are the prospects of this ever leading to enough votes to force change?

Fair enough, it is £15 out your pocket. The question is what you value more. A small monthly cost, or having no say at all in the future of your club. On your own it does nothing. Together it builds shares, votes and influence. If you care about who runs the club and how it is run, £15 is a decision, not a loss.

@Celticlatest1 @celticCSL A lighter wallet

Fair question. You are not buying merchandise or a perk. You are funding share acquisition and building a voting bloc that can act at AGM level. What you get: • Participation. One member, one vote inside CSL • Transparency. Regular updates on shares, strategy, and progress • Influence. Your subscription contributes to votes that can be used to challenge and hold the board to account • Access. Member briefings, Q&A sessions, and direct communication Individually, £15 does little. Collectively, it builds scale. Scale becomes shares. Shares become votes. Votes create pressure. That is the return.

@celticCSL What do you get fir your 15 pounds per month ?

Good question. You are partly right, but missing a few key dynamics. The “16% available” point is not a fixed ceiling. Registers change over time. Holders sell, estates get settled, institutions rebalance, and untraced shares get recovered. Supply exists, it is just fragmented and uncoordinated. Second, control is not only about one block selling down. It is about aggregation. - 5% allows an EGM to be called - 10% starts to create real pressure - 20% plus, combined with proxy votes, becomes hard to ignore in any vote That is before you factor in turnout. AGMs are rarely 100% participation events. A coordinated bloc can carry far more influence than its headline percentage. Third, proxies matter. There are significant shares already held by fans who do not vote or do not coordinate. Aggregating those votes changes outcomes without needing to buy every share. Finally, influence is cumulative. You do not need majority ownership on day one. You build position, apply pressure, shape narrative, and force engagement. That is how governance shifts happen in PLCs. So no, it is not dependent on a single major holder releasing stock. It is about: - steady accumulation - proxy aggregation - coordinated voting That is how you move from passive minority to active influence.

@celticCSL @ACSOMPOD I am still not convinced as total shares available is around 16% according to Celtic which individual or groups hold maybe enough to call an EGM but won’t change anything unless a major shareholder release their shares. Am I wrong!

A fair joke, but there is a real distinction. Plenty of groups talk, campaign, or represent views. CSL is built to do one thing. Build a voting bloc that carries weight at AGM level. Different roles, different structures. Not fragmentation if each lane is clear. If people want one voice, it has to be backed by shares and votes, not only sentiment. That is the gap we are focused on closing.

@Polmik1888 @celticCSL @ACSOMPOD Citizens Of Celtic Popular Front

All of that is already in place. CSL is a company limited by guarantee, registered with Companies House. We have formal Articles of Association, a defined governance structure, and appointed directors. We are also ICO registered given we handle member data, and we operate with a Legal Entity Identifier. So this is not an informal group or concept. It is a structured, compliant organisation built to operate properly and scale. celticsupporters.net

@celticCSL @PaulJohnDykes Do you not have to register as a formal organisation (or have you already) Would you have a constitution and committee (again is this already in place?) And obviously many other requirements?

Yes. If you are an existing shareholder and want your vote to carry more weight, you can appoint CSL as your proxy for AGMs. That does not transfer ownership. Your shares remain yours at all times. It simply allows CSL to aggregate votes and represent a larger, coordinated block in the room. That is the core of the model: Individual ownership. Collective influence. If you are interested, contact us and we will guide you through the proxy process. Info@celticsuppprters.net

@celticCSL @UsualSuspect717 Ok thanks for clarifying If someone is an existing shareholder is there a desire from CSL to receive proxy vote for AGM for example

Good question. No. Shares are not allocated to individuals. CSL is a company limited by guarantee, so there are no personal shareholdings within the structure. Members do not own shares individually through CSL. Subscriptions are used to acquire shares held collectively, building a single, coordinated voting bloc on behalf of members. In return, members have a vote within CSL, access to updates, and a say in how that collective influence is used. It is about building shared power, not individual allocations.

@celticCSL @UsualSuspect717 When shares are purchased using the subscriptions are they then allocated to the individual members who provided the subscription funds ?

A mix as you would expect in any long standing register. Smaller holders exiting or rebalancing. Estates where shares are being sold. Inactive or lost holders once traced. Occasional larger holders trimming positions. It is not one source and it is not one moment in time. It is a steady flow over years. That is why this works as a long term accumulation strategy rather than a one-off market event.

@celticCSL @Pmacgiollabhain Who would be selling?

@pmcc1313 @Pmacgiollabhain Not sure how to reply?

@celticCSL @Pmacgiollabhain And there it is 👀

Not in the way you’re thinking. This is not a one-off rush into a liquid market. It is steady, long term accumulation in a thin, tightly held register. There are always sellers. The constraint is coordination and demand, not a sudden shortage of stock. More importantly, we are not trading for short term price. We are building voting power over time. If anything, a stronger, organised shareholder base supports a more rational market, not a spike driven by speculation.

@celticCSL @Pmacgiollabhain Wouldn't that just drive up the share price? I'm sure existing holders would be delighted.

This is the reality of minority shareholders in illiquid football PLCs. No buyers. Weak pricing. No leverage. On your own, you do not set the outcome. You accept it. That is the problem CSL is built to solve. Not more commentary. Not more fragmentation. Coordination. Scale. Voting power. From spectators in the market to participants in governance. That is the shift. #CSL

Minority shareholder wipeout down river. Celtic shareholders beware! Get your act together. Join @celticcsl