Nick Train and the Lindsell Train UK Equity fund have upped their shares in Celtic over the past seven days the Citywire reports.
The investment group which also has shares in Juventus and Manchester United took advantage of the dip in Celtic’s share price due to Brendan Rodgers exit to up their stake.
The AA Rated investor went from 17.1% of the shares to 18.4% in his latest round of investment in the Scottish Champions.
The group is Celtic’s second major shareholder behind Dermot Desmond.
The share price went from 166p to 160p after Rodgers exit. A profound change of management hit the stock market and the group decided to pounce.
Nick Train was quoted as saying there is a lot of value in sporting franchises with live sport being a hot commodity in today’s advertisement environment.
The group first invested in the club back in 2011 and since then the stock market value has increased. There has even been a profound jump since last year when you could buy a share in Celtic for just 132p.
