Nick Train’s ownership of football club Celtic has come under fire from fans who protested against the football club’s leadership over the weekend.
Around 400 protestors descended on Celtic Park on Sunday in a protest organised by The Celtic Trust, which is an organisation raising funds to buy shares in the club, according to The Scottish Sun. Celtic recently exited both the Champions League and Europa League, disappointing fans, and made a shock exit from the Betfred Cup after they were beaten by Ross County.
Alongside concerns about the Celtic board, fans were also protesting the concentrated ownership of the club, according to comments made by Celtic Trust chairman David Low in a podcast.
“I think it’s a concern that the ownership control of Celtic vests on two people; Dermot Desmond and a guy called Nick Train who runs an investment firm in the city,” Low told A Celtic State of Mind.
He continued: “It’s just a matter of fact thing. It is not a healthy thing to have the control of the football club vested in two people.
“Particularly when one is a financial investor with no emotional investment in Celtic. If the shares double or treble, that guy sells his shares and he’s gone.
“He has no interest in the ongoing future of the football club once he’s cashed his chips in.
“Again, that’s his business. It’s not an indictment or anything bad, his motivations are different.
“Basically, there is a possibility, if the price was right, we could wake up one morning and find out control of the club has changed and we would have nothing to do to stop that.
“So that’s not a good thing and that’s why I got involved in the Trust.”
Train acquired a stake in the Glasgow club in 2011. It is one of a trio of football clubs he owns alongside Manchester United and Juventus.
