The Celtic Trust has made a proposal to the board of the football club that it offers season ticket holders the option of receiving shares in the club instead of cash in respect of refunds due on season tickets for this season.
Before the start of the season, the club told supporters it was their ‘firm intention to give additional value to season ticket holders for this and coming seasons’.
The cheapest season ticket costs £510 and fans have only received a match steaming service worth around £90 for the season.
Some hospitality season ticket holders have already been offered a cash refund option whilst ordinary season ticket holders have yet to hear from the club.
With ongoing uncertainly over when crowds will be allowed back into stadia and a new manager and a team rebuild on the horizon it is crucial to retain money in the club and to promote the help sale of season tickets for the forthcoming season.
The club has received about £25 million from supporters for season ticket purchases. The proposal from The Celtic Trust
- preserves the cash position during unprecedented and difficult times for professional football,
- creates a positive dynamic for the sale of season tickets in season 2021/22 and
- offers a younger generation of supporters an opportunity to own a stake in their club.
Outlining the proposal, Trust Chair,
David Low (pictured) explained: “Due to Covid, it’s a very difficult time for the whole sport and as Celtic fans we’ve had a very disappointing season. We want to help retain cash within the club and encourage season ticket sales for next season. We want to start next season in as strong a position as possible and our proposal helps achieve that objective.”
Previous proposals from The Celtic Trust recently adopted by Celtic include:
- an extensive FAQs page on the club website to help supporters and Supporters’ Clubs become re-connected with their shareholdings in the club,
- helping to enable shareholders claim all unclaimed dividends accrued since 1997, and
- assisting shareholders with replacement share certificates if the original certificates have been lost.
More information can be found on the updated FAQs on the Investor Relations section of the Celtic PLC website.