Football: Celtic chaos deepens

Wednesday 30 March 1994 23:02 BST

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Celtic scrapped plans for a move to their 'dream home' in Cambuslang yesterday, as the club's new chief executive, Fergus McCann, revealed the full extent of the club's financial difficulties.

Speaking for the first time since taking over the club three weeks ago, McCann admitted that Celtic's financial accounts for 1993 had been 'seriously misleading and wrong'. He said that 'an exhaustive financial audit' into Celtic's business and other affairs had uncovered problems which he conceded may eventually result in legal action being taken.

Everton face a heavy fine if they are found guilty of 'poaching' their manager, Mike Walker, from Norwich City at a reconvened Premiership inquiry in Manchester today.

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Football: Celtic chaos deepens

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