Celtic reveal share fund academy

Celtic have announced a £15m (€22m) share issue after revealing majority shareholder Dermot Desmond has agreed to underwrite up to £10m (€14.7m).

Celtic reveal share fund academy
Fri, 28 Oct, 2005 - 20:02

Celtic have announced a £15m (€22m) share issue after revealing majority shareholder Dermot Desmond has agreed to underwrite up to £10m (€14.7m).

The club hope to use the funds for establishment of a purpose-built training facility, incorporating a outh academy, football development and balance-sheet strengthening.

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