Celtic stand to profit enormously from a mooted all-British league – and their soaring stock price reflects this.
That is according to finance expert and Football Insider columnist Kieran Maguire, speaking exclusively after Celtic Plc‘s stock shot up on 22 April.
That was the same the day the Sun reported that secret talks had been held over Celtic and Rangers potentially joining an all-British league system.
Celtic’s stock reached 130 points by 23 April, a yearly high and 15-point jump on its level just 24 hours earlier.
Maguire explained that it was no coincidence that Celtic’s share price skyrocketed amid proposals for a unified British league.
“I think it is down to speculation going forward,” he told Football Insider correspondent Adam Williams.
“I don’t think the new chief exec’s arrival would have had any impact, as has been suggested.
“Potential additional revenues for the club would be the main driver, I suspect.
“There is a lot of talk about this British league, of course. Whether or not it will actually happen is a different question for another day.
“But it would have a massive impact on Celtic’s finances. That might make the shares potentially look undervalued at their current rate.”
Under the constitution of the Premier League, two-thirds of top-flight teams would have to support the restructuring.