colinstein 294 Posted April 8, 2016 Share Posted April 8, 2016 http://www.heraldscotland.com/news/14413908.Celtic_shareholder_Dermot_Desmond__named_in_Panama_Papers_/ Desmond keeps Celtic going with soft loans. Celtic have been buying players they can't afford. They are therefore guilty of financial doping and cheating. All titles should be stripped during Desmond's ownership of the club. How many hospitals and schools could have been built with the tax he has avoided paying. Many more face painters could have been employed as well. http://www.dailyrecord.co.uk/news/scottish-news/billionaire-celtic-supremo-dermot-desmond-7715628#0eoOO1PpsvODBuvv.97 Billionaire Celtic supremo Dermot Desmond is latest high-profile figure to be 'named' in Panama Papers 13:18, 8 APR 2016 UPDATED 15:48, 8 APR 2016 BY SALLY HIND THE 11.5 million files leaked from Panama law firm Mossack Fonseca show how the rich and powerful use tax havens around the world to hide their wealth. CELTIC’S major shareholder Dermot Desmond is reported to be one of the names to appear in the Panama Papers. The Irish billionaire is the latest high-profile figure to be identified among the 11.5 million files leaked from Panama law firm Mossack Fonseca which show how the rich and powerful have used tax havens around the world to hide their wealth. The 65-year-old, who is majority shareholder of Celtic and worth an estimated £1.38billion, is named in 2005 paperwork from HSBC Private Bank in Switzerland to Mossack Fonseca . The correspondence is in relation to a firm called Ard International Inc, whose directors grant a power of attorney over the company to Desmond. A later note from the Caribbean-based tycoon reportedly asks that Ard’s directors instead grant power of attorney to two Swiss lawyers. The files also show a link with Irish businessman and racehorse owner JP McManus, naming him as a client of the firm. There is no suggestion those named in the papers have broken the law. Both men are yet to comment on their links to the law company. The Irish times reported: “The two wealthy Irish business figures, Dermot Desmond and JP McManus, also appear in the files. “Both are active in international investments and are not tax resident in this jurisdiction, and it is not surprising that they might show up in the files of a major law firm that provides global services.” X Factor judge Simon Cowell, Margaret Thatcher’s son Sir Mark and golfer Sir Nick Faldo are among scores of high profile names which have been dragged into the Panama Papers row . Read more at http://www.dailyrecord.co.uk/news/scottish-news/billionaire-celtic-supremo-dermot-desmond-7715628#Qtz9boR2Bq00JjF2.99 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted April 8, 2016 Share Posted April 8, 2016 Desmond's financial doping through Panama tax evasion companies, paid the wages of Keane and Bellamy aledgely 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted April 8, 2016 Share Posted April 8, 2016 An article from 2012 about Desmonds financial jiggery-pokery - https://footballtaxhavens.wordpress.com/2012/10/31/dermot-desmonds-contribution-to-the-gfc/ 0 Quote Link to post Share on other sites More sharing options...
SiamBear 0 Posted April 9, 2016 Share Posted April 9, 2016 (edited) Desmond's financial doping through Panama tax evasion companies, paid the wages of Keane and Bellamy aledgely Both of which failed to win the title for the yahoos which is probably why Panama Des hasn't repeated the stunt. Edited April 9, 2016 by SiamBear 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted April 9, 2016 Share Posted April 9, 2016 Will they be changing names from Glasgow Celtic to Panama Celtic. We can help them.:devil: 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted April 9, 2016 Share Posted April 9, 2016 Will they be changing names from Glasgow Celtic to Panama Celtic. We can help them.:devil: More like Panama Canal FC, as the have a history of probing Canal's. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,247 Posted April 9, 2016 Share Posted April 9, 2016 Rather ... Penn State Panama FC 0 Quote Link to post Share on other sites More sharing options...
26th of foot 5,835 Posted April 9, 2016 Share Posted April 9, 2016 Well, Peter's go to megaphone, Paul Brennan of Sellik Quick News, has spoken, 'Dermot Desmond is not Celtic'. If the 29.9% majority shareholder of ra Sellik, Mr Desmond is NOT sellik, then I'll eat my Panama Hat! 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 9, 2016 Share Posted April 9, 2016 Both of which failed to win the title for the yahoos which is probably why Panama Des hasn't repeated the stunt. Roy keane won it. 0 Quote Link to post Share on other sites More sharing options...
Maxdazzy 0 Posted April 9, 2016 Share Posted April 9, 2016 Rather ... Penn State Panama FC not sure how many here will get that but it is a damn funny reference 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.