- At least five media companies are understood to be chasing a stake in Scottish football club, Celtic.
BSkyB, NTL, Granada, Time Warner and the sports marketing firm, IMG are thought to be among those interested in buying part of a 49 per cent stake that has been put up for sale by the club's former chairman, Fergus McCann.
McCann put his shares up for sale yesterday and said he would only sell to fans, existing shareholders and a few institutions. However, media companies are likely to get a second attempt to buy shares once the placing of McCann's shares has gone ahead.
It is likely that any company buying into Celtic would take a 9.9 per cent stake in the club -- the same as BSkyB's stake in Leeds and Granada's in Liverpool.
Any such stake is likely to be bought at a premium to the current market price and could end up costing around £20 million. The shares are priced at 280p, a discount of 37.5p on Friday's close of 371.5p