Kieran Maguire: Celtic have major boardroom issues after CEO development
Ian Bankier came close to losing his job as chairman of Celtic because of “stresses and strains” in the boardroom.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest executive developments at Parkhead.
As documented by the Daily Record on 18 November, Bankier was not automatically re-elected at the club’s recent annual general meeting.
Celtic’s constitution meant share-owning fans were able to block the resolution to reinstate Bankier and fellow director Brian Wilson.
The pair instead had their fates decided at the polls, where they were comfortably reinstated.
Supporters were furious at the club’s failure to deliver a historic tenth title in a row in 2020-21, and that has prompted upheaval at board level.
But Maguire explains that fans with a minority stake in the club only have token power and are in no position to implement significant changes.
He told Football Insider correspondent Adam Williams: “Share-owning fans are the same as a fan going to the match rather than watching on TV.
“Your voice can be heard but you won’t necessarily influence any decisions.
“Once you take into consideration the major shareholders, they are always going to vote in line with the board.
“This decision is indicative of a club that has stresses and strains at board level.
“That was emphatically reflected in the fact that the new chief executive came and went in a matter of months.“
In other news, pundit tells Celtic to bury Rangers as Hoops source reveals “multiple January signings” plan.