Verdict in court case Kenny Butler v Celtic Plc

Published on Wednesday 25th February, 2004 by Celtic Trust

A Sheriff yesterday criticised Celtic Football Club for failing to honour privileges promised to small investors. Sheriff William Holligan said the Parkhead giants had not honoured privileges, such as golf days with players and management, to supporters who had invested thousands of pounds in the club. The criticism came after Kenny Butler, a life-long fan, took the clubs plc board to court claiming they had not delivered on pledges made to investors like him. Following one of the first cases of its kind, Sheriff Holligan in his written judgment yesterday said he was 'not satisfied' Celtic had lived up to its promises. Mr Butler, of Cambuslang, near Glasgow, had invested £5,000 during a 1995 share issue. As a result, he became a member of the executive investor club, which entitled him to various privileges. These included four meetings a year with the Celtic squad, a golf outing with management and players, and ticket offers. But, Mr Butler, 46, claimed these were soon eroded and that no suitable alternative was offered. The court heard the club accepted some of the original privileges had changed, but that they had offered alternatives, such as a seat in the directors box or better car parking. While accepting the club had short-changed Mr Butler, the sheriff said he could not grant financial compensation.

 
 

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