These days it would obviously depend if any potential action would be "In the interests of the company"...
the club is the company and vice versa
I tend to think the market being badly broken and club being left out of the subsidy pie is a huge factor for whoever is on the board.
The best players are costing much more every season and the difference between 100k player and 10 million player is not very much technically on football level, I give you wee frimpong as example, cant pass, cant cross, no very good at tackling or aware, awesome acceleration, 10 million quid. wtf
And thats from the Diddy market
What price for a dude who can pass it cross it and defend with awareness?
Dunno but im not so sure he wants to come to scotland if he can go to Germany etc
simply because standard of opposition is higher, wages are higher, less pressure and well money might no matter to celtic fans
but the players we want to sign all usually rate money high on their list
And therefore very difficult to keep the 10 million player on market at 10 million at our club since our entire league is a discounted league.
Unless the 10 million pound player is highly motivated he will drop in value and at a much quicker rate since the 100k player isn't that much less in skill.
Both because his wage demands grow every season and without the subsidy big clubs in the tv leagues get, he will easily drop his value rather than growing in value.
Why?
1 the non tv leagues dont add market value to players ability unless they are learning game at our level.
2 the wages available cant compete
3motivation in scotland is hard to maintain with players who aren't Scottish unless you can keep upping their wages.
So the rigid policy of board is very necessary, much more so today than 60s and even then we couldn't match big league wages, despite huge support (usually very poor people) and unless league overall gets higher standard, enough to produce excellence even against weaker sides the buying price we pay in broken market will be hard to recoup if player loses his mojo.
Money isn't everything after all
But try buying a high quality modern footballer without it.
The problem is not the board policy
the problem is tv subsidy and without it, throwing money at it will not compete on European stage unless you can throw more money at than the clubs who get subsidy from tv
board are silent
not good enough
need t go.
But the policy won't be changed by next board unless he a billionaire with a Brewster type dilemma
Add in the mystery funding and strange financial shenanigans at the crypt for dead clubs coupled with twisted read between the lines then you might need two Brewster types with deep pockets to compete even just in scotland