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Celtic chairman Brian Quinn
"A powerful endorsement"
 real 14k

Tuesday, 31 July, 2001, 12:46 GMT 13:46 UK
O'Neill invests 2m in Celtic
Martin O'Neill
O'Neill: Led Celtic to a domestic treble last season
Celtic manager Martin O'Neill has purchased 2m worth of shares in the Parkhead club.

The news has confirmed O'Neill's commitment to Celtic, who he led to a domestic treble last season.

O'Neill has been linked with the manager's job at Manchester United, which becomes vacant at the end of next season when Sir Alex Ferguson retires.

Formula One team chief Eddie Jordan was another notable investor.

Jordan, who was reportedly considering a multi-million pound investment in Manchester United, has bought 1m of shares.

Eddie Jordan
Jordan: Bought 1m of shares
Board member Dermot Desmond, who already has a large stake in the club, has invested a further 10m.

Desmond is a friend of Jordan and once owned a 20% stake in Esat Digiphone, one of the main sponsors of the Jordan F1 team.

Celtic have sold 22.5m of their 25m new shares.

The money should give O'Neill more power in the transfer market and and chairman Brian Quinn said he was delighted with the result of the issue.

"The club is delighted with this overwhelming response from supporters and investors," he said.

"When we announced this offer to subscribe, less than one month ago, we knew this was ambitious but equally we knew that a cash injection was vital to the club's development both on and off the field.

"The success of the offer has been overwhelming.

"This investment will enable us to continue our business development plan, backing Martin O'Neill in his role as manager and helping him as he aims for success on the football field."

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