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Celtic: Expert hails Dermot Desmond’s ownership model

Celtic: Expert hails Dermot Desmond’s ownership model -Celtic News

Dermot Desmond’s self-sustaining ownership model at Celtic is a perfect example for other clubs to use, according to financial expert Dr. Dan Plumley.

The Lowdown: Desmond’s successful era

The Irishman is the majority shareholder at Parkhead, fulfilling a lifelong dream by owning the club he has supported since childhood.

During Desmond’s tenure, Celtic have racked up Scottish Premiership titles galore, among numerous other domestic trophies, and another league crown looks to be coming their way this season.

The 71-year-old has run the club in shrewd fashion too, ensuring they are in a healthy financial situation and not getting themselves into worrying amounts of debt.

The Latest: Expert hails Celtic owner

Speaking to Football Insider, Plumley praised Desmond’s model at Celtic, saying other clubs should take a leaf out of his book:

“It’s always a plus if you can stand on your own two feet. They are set up so they can manage themselves in their own right. We see it too often where a club is solely dependent on one owner.

“If the owner is in trouble, the club’s in trouble. It’s very different at Celtic. You have to class that as a benefit that they aren’t too worried about the owner’s finances.

“This is a blueprint for all clubs. Make them more self-reliant so when the owner does take a hit, they aren’t collateral damage.”

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The Verdict: Credit where it’s due

Desmond deserves undoubted credit for the manner in which he has kept Celtic afloat, running the Hoops far more intelligently than some of the more reckless owners elsewhere.

Liverpool owners FSG are a good comparison to use in some ways, with their supporters not always enamoured by a lack of mega-money transfers but the Reds in a strong financial position compared to some of their rivals.

Supporters will always be critical of Desmond – it is the nature of a football fan to never be happy – but he may only be fully appreciated when he eventually sells up.

In other news, Frank McAvennie is in awe of one Celtic player’s development. Find out who it is here.

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Article title: Celtic: Expert hails Dermot Desmond’s ownership model

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