Celtic Plc (CLTFF)

[NorthPeak22]

Celtic Is Building Cash, Possibly for Sale of Company

https://www.inflation.us/content/celtic-building-cash-possibly-sale-company

Some NIA members were concerned that Celtic plc (LSE: CCP) or CLTFF might receive a record-breaking transfer fee of £30 million for Matt O'Riley, but then spend half of the money on obtaining a new goalie to replace Joe Hart who retired. No deal for O'Riley has been completed yet, but it looks like it will get done, and it looks like Celtic is hiring a very experienced goalie even better than Joe Hart with a free transfer. If a deal for O'Riley does get done think about how much CCP's cash position will increase from its current level of £67.33 million and what this will mean for Celtic's share price. We might see a deal get done before the U.S. tour because if O'Riley is still with Celtic in the U.S. against Manchester City and Chelsea and he is scoring goals against the world's two most valuable football clubs (both Manchester City and Chelsea are each worth $5 billion) his value will only skyrocket.

Why is Celtic building such a large amount of cash? Are they making the company look as good as possible for a sale to a major U.S. private equity fund possibly for $1 billion?

U.S. women's football clubs with revenue of only $30 million are being valued at $300 million! Women's football clubs in newly established U.S. leagues that might not exist in a few years... lol!

It feels horrible to speak about stocks on such a horrific day with tragic events, but we have nothing of value to add about how Trump will likely win all 50 states!

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