CCP Celtic Plc

RNS No 5635x
CELTIC PLC
8th September 1997

Celtic announces that it has entered into a co-operation
agreement with all the other members of the Premier Division
of the Scottish League pursuant to which they will, today,
give notice of their intention to resign as members of The
Scottish Football League.

In this connection, the clubs have requested the Management
Committee of the League to give its consent to a reduction in
the notice period of resignation such that the notice period
may expire at any time after the final League fixture of the
1997/98 season or 1st July 1998, whichever is the earlier.

The clubs have also agreed to form a company with a view to
establishing a new separate football league in Scotland under
the auspices of the SFA.

Following an independent review Celtic and the other clubs
consider that the formation of such a football league will be
to the benefit of both its member clubs and the other football
clubs in Scotland.

END

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