David Beckham backs new cannabis business
David Beckham has found the scoresheet once again after investing in a synthetic cannabinoid company which has launched on the London Stock Exchange.
Beckham’s investment vehicle DB Ventures holds a 5 per cent stake in Cellular Goods, whose stock rose 310 per cent upon it’s floatation on Monday.
It means the stock, which had initially been valued at a conservative £25million, now has a market capitalisation of above £100million.
That’s good news for the former Man United and England footballer with his £2.5million holding worth £3.9million at the stock’s peak.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown believes Beckham’s name added extra interest to the company’s performance.
“It might seem a bit of a curve ball for a man known for free kicks rather than scoring on the financial markets, but his personal brand has given the launch a bit of a kick.’’
Beckham is worth in the region of $450million thanks to a career which has taken the 45-year-old from Leytonstone to Los Angeles.
He enjoyed a 21 seasons as a professional footballer and played for some of the world’s biggest names, including Real Madrid, AC Milan, LA Galaxy and Paris Saint-Germain.
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But it was at Manchester United where a fresh-faced Beckham made his name after scoring from the halfway line against Wimbledon.
He won 10 league titles in total throughout his career and was also capped 115 times for England between 1996 and 2009.