Kieran Maguire: Celtic will have been given stock market warning after talks confirmed
Celtic stakeholder Nick Train will have warned the club not to do anything that might jeopardise their share price in a recent meeting.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Train revealed his frustration with recent events at Man United.
Train is a major shareholder in United and Juventus as well as the Hoops and is unhappy with the two European Super League club’s conduct in recent weeks.
In a monthly report to investors in his Lindsell Train holdings company (via Sky Sports), Train wrote “we requested and have now had meetings with all three clubs (including Celtic, even though it was not a member of the ESL).”
Maguire suggests that Train will have fired a warning shot to Celtic in that meeting about their status as a Plc.
Asked by Football Insider correspondent Adam Williams whether Celtic would have aired any grievances in the meeting, Maguire claimed: “I think it’s more likely to have come from the other direction.
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“Nick Train will have reminded them that as a public listed company, they are held to a higher degree of expectation from shareholders than private companies.
“If they are thinking about doing anything of a similar nature [to the ESL], they ought to be aware that could cause reputational damage on the back of that.
“That would impact the Celtic share price. Man United’ share price has taken a bit of a dip but nothing major since the Super League was announced.
“Celtic will, I’m sure, want to avoid that too.”
Celtic share price shot up after the idea of an all-British league was mooted in April.