Celtic AGM: The key points from the shareholders' 2012 meeting

A round-up of the main subjects covered as the board are asked questions on a series of matters.

Celtic manager Neil Lennon and Chief Executive Peter Lawwell (right).
SNS Group

Celtic shareholders had their yearly chance to grill the club's board as the 2012 Annual General Meeting.

Figures for the year ending June 30, 2012 showed a decline in turnover to £51.34m.

An increase in operating expenses of £1.93m was also in the books, as well as an overall loss in the period of £7.37m against a very slight profit the year before.

Chairman Iain Bankier and chief executive Peter Lawwell fielded questions on a number of other off-field matters.

Manager Neil Lennon was also in attendance to answer points raised over the success of his side on the pitch. STV provided full coverage of the AGM as it happened and has brought together the best pictures, tweets and updates from the meeting.

You can read how the AGM unfolded update-by-update here.

  1. OfficialNeil
    Morning all....big day today for the club and shareholders...its our annual A.G.M
  2. celticfc
    #Celtic AGM (TH) http://pic.twitter.com/hTGwRUem
  3. The board reflected on their plans to invest in a long-term strategy, as opposed to spending heavily on the first team, and how it has bore fruit.

  4. celticfc
    PL: 'Five-six years ago we made a bold decision to divert money from first-team into long-term.
  5. celticfc
    PL: Built Lxtown. Invested in recruitment, scouting, process, technology, people, academy, sports science & performance analysis.
  6. celticfc
    IB: Invest in youth, judicious trading of mature players and scouting for good talent across the world.
  7. celticfc
    IB: Recent events have demonstrated that maintaining a financially stable, resilient and forward-thinking football club is vital.
  8. celticfc
    IB 'We saw all the fruits of that last week in a truly magnificent result against Barcelona.
  9. MattMcGlone9
    About 450 here so far at Celtic Park AGM..... http://pic.twitter.com/HepxrKUa
  10. Manager Neil Lennon then reflected on the success his squad have had as a result of the board's plan.

  11. celticfc
    PL: 'Objective of creating CL players. Realised we couldn’t go and buy them. It meant we had to do something different.
  12. mikefstv
    Lennon: We've got some fantastic young players. Some of whom could grace any team in Britain #ticagm
  13. mikefstv
    Lennon says that Celtic have come a long way in the last year. He says the biggest challenge will be holding onto players #ticagm

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