Celtic fan group aren't fooled by board statement as 'continued mismanagement' on and off the pitch called out
Hoops board released a statement earlier in the week illustrating financial losses
Leading Hoops fan group Celtic Fans Collective claim they won’t be ‘fooled’ by the club’s recent publishing of financial losses, as they continue to protest against the club’s hierarchy.
Celtic CEO Michael Nicholson and Chairman Brian Wilson released a statement on Tuesday to the London Stock Exchange after the club’s annual report was published. The latest set of financial results show the Scottish champions have made a loss of £4.8million for the period to June 2026 - with money in the bank down from £77.3m to £66.4m. Meanwhile, after failing to qualify for the Champions League, Celtic’s revenue has went from £143.6m to £111m.
The statement from the board also offered full support to manager Martin O’Neill after three defeats on the bounce. Celtic Fans Collective believe results on the pitch have been ‘compounded’ by mismanagement off it - as they released their latest statement against the regime.
Celtic Fans Collective won’t be ‘fooled’ by board
They said via X: “Anger at recent shambolic results on the park in big games was compounded yesterday by Celtic plc latest financial results. The statements from the ‘interim’ Chairman and CEO typically lacked humility and did little to improve the mood. Supporters are not fooled.
“The stark reality is that Celtic FC is underachieving across the Club and the trajectory is alarming. We have highlighted the signs of this decline since our formation. We will continue to hold the Club to account and fight for the standards that the Celtic support deserves.”
Celtic accused of ‘continued mismanagement’
The group - backed by the Green Brigade, The Bhoys and the Celtic Trust - added: “Celtic Fans Collective representatives met with Celtic FC yesterday to discuss the Club’s fan engagement strategy. We also the took opportunity to express the deep frustration at the continued mismanagement of the Club. A full update will be shared with members shortly. We are committed to building on the foundations already laid and ensuring Celtic fans have a credible, unifying body that can represent and protect the interests of the support for years to come.”
The Hoops are now set to embark on a period of reflection during the extended international break, starting with the manager. The recent consecutive domestic defeats to Rangers, as well as Ferencvaros have given O’Neill a lot to mull over in the next three weeks as he assesses his own future at the club.
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