A London based investment firm has taken their stake in Celtic up to 15.04%.
Westminster based Lindsell Train have been purchasing shares in the club since 2011 and have helped raise the market capitalisation of the club to £128m.
That figure is derived from multiplying the latest share price by the number of shares in the club with the biggest shareholding held by Dermot Desmond at 29%.
Interest from Lindsell Train will drive up the value of shares for smaller shareholders but it seems highly unlikely that Desmond would ever consider selling the stake that he has held for over 20 years.
The Westminster based company has stakes in Juventus and WWE but seem, happy to buy in on an investment basis rather than to push for change or get their own directors voted on board.
According to their website the company policy is ‘Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth, with managers of the highest integrity and ability. Then you own those shares forever.’
With their worldwide support and appeal Celtic is generally regarded as a sound investment with little likelihood of the club hitting financial problems.
CLICK HERE for London Stock Exchange announcement of latest share purchase.