Latest news with #ownership
Yahoo
6 hours ago
- Business
- Yahoo
With 56% ownership, Celtic plc (LON:CCP) insiders have a lot riding on the company's future
Insiders appear to have a vested interest in Celtic's growth, as seen by their sizeable ownership A total of 2 investors have a majority stake in the company with 53% ownership Institutional ownership in Celtic is 27% Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Celtic plc (LON:CCP), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are individual insiders with 56% ownership. Put another way, the group faces the maximum upside potential (or downside risk). So it follows, every decision made by insiders of Celtic regarding the company's future would be crucial to them. In the chart below, we zoom in on the different ownership groups of Celtic. Check out our latest analysis for Celtic Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Celtic already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Celtic's historic earnings and revenue below, but keep in mind there's always more to the story. We note that hedge funds don't have a meaningful investment in Celtic. Dermot Desmond is currently the largest shareholder, with 35% of shares outstanding. Lindsell Train Limited is the second largest shareholder owning 18% of common stock, and Christopher Trainer holds about 11% of the company stock. A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 53% stake. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There is some analyst coverage of the stock, but it could still become more well known, with time. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. It seems that insiders own more than half the Celtic plc stock. This gives them a lot of power. Given it has a market cap of UK£154m, that means they have UK£86m worth of shares. It is good to see this level of investment. You can check here to see if those insiders have been buying recently. The general public-- including retail investors -- own 17% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 2 warning signs for Celtic that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
12 hours ago
- Business
- Yahoo
ESPN report reveals how 'miserly' Lakers have been under Jeanie Buss
The ownership of the Los Angeles Lakers is changing hands. On Wednesday, the Buss family, which has owned the team since 1979, reportedly agreed to sell a majority share of it to Mark Walter, the CEO of Guggenheim Partners, for a valuation of $10 billion. While the Lakers have become one of the most prestigious sports franchises and brands under the Buss family's ownership, most of their success during that time came when the late Dr. Jerry Buss was their owner from 1979 to 2013. When Dr. Buss passed away in 2013, control was passed down to his children, and the Lakers have gone through many peaks and valleys since, with the valleys becoming more numerous than the peaks. Advertisement A lot of the criticism of how the franchise has been run has centered around the perception that it has operated like a mom-and-pop small business, especially since the Buss family isn't particularly cash-rich. In fact, an ESPN report on Wednesday's sale outlined several concerning ways in which the team has pinched pennies. Many remember how it failed to hire Tyronn Lue to be its head coach in 2019 after Lue wanted a little more money and a longer contract. But the other examples of what ESPN called its "miserly traits" don't reflect well on how it has been run. One instance had to do with one of its assistant coaches. "An assistant coach was not approved to stay at the same hotel as the player he was traveling to work out with in the offseason because the room was too expensive," wrote Tim Bontemps and Dave McMenamin. Prior to the NBA lockout in 2011, a sizable number of team staffers and employees were laid off, including one longtime member of the front office. "Former assistant GM Ronnie Lester's contract was not renewed during the NBA lockout in 2011, a financial decision and one of many in a rash of layoffs or nonrenewals." Advertisement Plus, in one move that resulted in lots of criticism, the Lakers asked for financial help from the government during the height of the COVID-19 pandemic through a program that was designed to help small businesses, not world-class sports franchises. "The team applied for federal relief through the Small Business Administration's Paycheck Protection Program during the COVID-19 hiatus. After considerable backlash, they later returned the $4.6 million to the government." As NBA teams started to utilize analytics more and more in recent years, the Lakers lagged behind. They were the only team in the league that wasn't represented at the Sloan Analytics Conference in 2013. That did start to change, however, last offseason, when they hired coach JJ Redick and Redick urged them to become more data-driven. Walter has owned a sizable chunk of the Los Angeles Dodgers since 2012. At the time, the Dodgers were a franchise that enjoyed plenty of success in the 1950s, 1960s, 1970s and 1980s but had fallen on hard times for roughly the previous 20 years. Under his ownership, they have won the National League West in 11 of the last 12 seasons, and they have won the World Series championship in 2020 and 2024. Walter built up the team's analytics department, hired standout front office people such as Andrew Friedman and spared no expense in acquiring former MVPs in their primes, such as Mookie Betts, Freddie Freeman and Shohei Ohtani. Advertisement Lakers fans, by and large, are now optimistic that similar results could lie ahead for the Purple and Gold. This article originally appeared on LeBron Wire: ESPN report reveals how 'miserly' Lakers have been under Jeanie Buss
Yahoo
12 hours ago
- Business
- Yahoo
Lakers Star Turns Heads With 1-Word Message After Unexpected News
Lakers Star Turns Heads With 1-Word Message After Unexpected News originally appeared on Athlon Sports. The Los Angeles Lakers grabbed national headlines on Wednesday after ESPN reported the Buss family is selling a majority stake to Dodgers co-owner Mark Walter for a staggering $10 billion—marking the largest sale in U.S. pro sports history. The news triggered a wave of discussion across the NBA community, with many speculating about implications for the team's direction, roster stability, and what new ownership might bring. Advertisement Jerry Buss bought the Lakers in 1979 for $67.5 million, ushering in the franchise's most successful era with 11 championships, ultimately transforming LA into a basketball powerhouse. Now, under Walter—whose Dodgers won two World Series—new ownership brings deep resources and global ambition to propel the franchise forward. After the unexpected news of the Lakers' ownership transition, forward Jarred Vanderbilt drew strong reactions from fans with a post on Instagram. "Lab," he captioned his post. However, fans caught wind of the post on social media, and many opted to joke about the timing, tying it to speculations about roster moves under new ownership: Advertisement 'lmaooo 😂😂😂 he doesn't want to leave,' one fan wrote. 'Lmao he don't wanna go back to Utah,' another fan added. 'man he been working on that shot for 3 years now and haven't really made that much improvement lol,' another fan said. Los Angeles Lakers forward Jarred Vanderbilt (2)Stephen Lew-Imagn Images 'Nawl buddy it's time,' one fan mocked. 'He's next to leave,' another fan declared. 'The nets gon' need that from him for sure,' another fan mentioned. Vanderbilt, the defensive-minded forward, quietly made his mark in 2024-25 despite struggles with injuries. He averaged 4.1 points, 5.1 rebounds, 1.1 assists, and 1.0 steals per game. Related: Calls Mount for Mavericks to Trade Anthony Davis After New Report Related: Celtics Make Unexpected Luka Doncic, LeBron James Post on Wednesday This story was originally reported by Athlon Sports on Jun 20, 2025, where it first appeared.
Al Jazeera
a day ago
- Business
- Al Jazeera
LA Lakers to be sold in NBA record-breaking $10bn deal: Report
The Buss family is entering an agreement to sell a majority stake in the Los Angeles Lakers, marking the end of an era for one of the NBA's most influential owners, according to reporting by ESPN. Mark Walter, the CEO and chairman of holding company TWG Global, is set to take the majority ownership under the agreement which values the Lakers at $10bn, ESPN reported on Wednesday, making it the largest-ever sale of a professional sports team. The Boston Celtics had become the latest NBA franchise to change ownership in March, closing a $6.05bn sale to an investment group led by Bill Chisholm – a record figure for the league at the time. Walter, already an established figure in Los Angeles sports, has existing shares in MLB team Los Angeles Dodgers and WNBA franchise Los Angeles Sparks. The Lakers did not immediately respond to a request for comment. The late Jerry Buss purchased the Lakers in 1979 and turned it into one of the most popular franchises in professional sports, winning five championships during their now-iconic 'Showtime' era in the 1980s. His daughter, Jeanie Buss, took over as principal owner after Jerry died in 2013, making her one of the most powerful women in sports. Jeanie Buss will stay on as governor after the sale, according to the ESPN report. Lakers Hall of Fame point guard Earvin 'Magic' Johnson – a former player, coach and executive with the team during the Buss family's tenure – congratulated both parties on reaching the agreement. 'Laker fans should be ecstatic. A few things I can tell you about Mark – he is driven by winning, excellence, and doing everything the right way,' Johnson, who is also a co-owner of the Dodgers alongside Walter, said in a post on X. 'He will put in the resources needed to win! I can understand why Jeanie sold the team to Mark Walter because they are just alike. 'Job well done to my sister Jeanie Buss for striking an incredible deal and picking the right person to carry on the Lakers legacy and tradition of winning … Mark Walter is the best choice and will be the best caretaker of the Laker brand.'
Yahoo
a day ago
- Business
- Yahoo
Breaking: The Los Angeles Lakers Are Being Sold
Breaking: The Los Angeles Lakers Are Being Sold originally appeared on The Spun. The Los Angeles Lakers, one of the most valuable franchises in all of professional sports, are being sold. ESPN NBA insider Shams Charania reported on Wednesday afternoon, June 18, that the Los Angeles Lakers are being sold by the Buss family. The Buss family have been the majority owners of the Los Angeles Lakers since Dr. Jerry Buss bought the team in 1979. He helped turn the Lakers into the most valuable team in the NBA and one of the most popular professional sports teams in the entire world. Advertisement However, on Wednesday afternoon, the Lakers finalized a decision to sell a majority share of the team to Mark Walter, the CEO and chairman of diversified holding company TWG Global. Charania broke the news on X, formerly known as Twitter, on Wednesday afternoon. Los Angeles Lakers guard Luka Doncic (77) celebrates with forward LeBron James (23) after making a Parkhurst-Imagn Images Charania reports that Jerry Buss' daughter, Jeanie, will continue to serve as Governor of the Lakers following the sale. However, as we saw with Mark Cuban selling the Mavericks - and promptly watching the team trade Luka Doncic - it's unlikely that she'll continue to have a prominent voice in the decision making. We'll have to see what happens, though. Advertisement "BREAKING: The Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of diversified holding company TWG Global, sources tell ESPN. Jeanie Buss will continue to serve in her role as Governor after the sale," Charania reported on Wednesday afternoon. An official announcement is expected soon. Breaking: The Los Angeles Lakers Are Being Sold first appeared on The Spun on Jun 18, 2025 This story was originally reported by The Spun on Jun 18, 2025, where it first appeared.
