Someone with a better understanding of the UK Companies Act of 2006 may be better placed to inform folk. But I believe that there are sections where shareholders could sue directors [current or former ones] on the company's behalf for negligence, breach of duty, or breach of trust harming the company.
How that works in the case of Celtic FC/Celtic PLC is a whole other thing entirely. The board could argue that they are running the business properly and according to a business plan - they are profitable. It would then be up to shareholders to convince a court of law that the current board are in breach and not just over football issues.
I don't think the title is over yet Andy, even if we succumb to Rangers on Sunday.
We have a game in hand, and Rangers and Hearts still have to come to Celtic park.
Plenty of twists and turns yet I think.
Stuttgart may be building a machine, we're struggling to do anything with a wheel!!!!!
Unfortunately I don't think the man wi' the stupid tache reads Celtic media.
Unless we can uncover some mechanism to remove the bastard we're stuck with him.
Someone with a better understanding of the UK Companies Act of 2006 may be better placed to inform folk. But I believe that there are sections where shareholders could sue directors [current or former ones] on the company's behalf for negligence, breach of duty, or breach of trust harming the company.
How that works in the case of Celtic FC/Celtic PLC is a whole other thing entirely. The board could argue that they are running the business properly and according to a business plan - they are profitable. It would then be up to shareholders to convince a court of law that the current board are in breach and not just over football issues.
Like you Andy I'm hoping you've stirred the hornets nest and one of your readers can put someone on the right track.
HH