Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

David Beckham Sells Stake in Troubled CBD Venture

by February 19, 2024
February 19, 2024
David Beckham Sells Stake in Troubled CBD Venture

David Beckham, famed for his prowess on the football pitch, has made a significant business move by offloading his shares in a cannabinoid product group that has faced numerous challenges since its London IPO three years ago.

The company, originally known as Cellular Goods but now rebranded as Cel AI, experienced a dazzling stock market debut, with shares nearly quadrupling from their initial launch price of 5p on the first day of trading. However, the journey for the former football icon’s investment took a downturn from there.

Beckham’s initial 5% stake, acquired for 1p per share prior to the float, was part of a strategic move that the company and its advisors heavily publicized. However, DB Ventures, the entity overseeing Beckham’s business interests, has since divested its shares. Both Beckham’s representatives and Cel AI declined to provide comments on the transaction.

Despite a promising start, Cel AI encountered a series of setbacks, including the withdrawal of its CBD-infused food supplements due to regulatory issues, alongside advertising bans imposed by tech giants Facebook and Google. Moreover, the departure of Beckham’s appointees to the board further signaled the company’s challenges.

Beckham, who initially profited from selling ten million of his shares at 1.2p apiece, likely incurred losses on the remaining holdings, as the company’s share value dipped below a penny since May last year. Speculation suggests that the sale of a majority stake in DB Ventures to Authentic Brands Group in 2022 could have influenced Beckham’s decision to divest his Cel AI shares.

Despite setbacks in his investment portfolio, Beckham’s brand continues to flourish, bolstered by his diverse business ventures, including ambassadorial roles and successful ventures in media and fashion alongside his wife, Victoria. Their recent ventures, including a Netflix documentary series, have added to their growing empire, showcasing Beckham’s enduring appeal beyond the football pitch.

Read more:
David Beckham Sells Stake in Troubled CBD Venture

0
FacebookTwitterGoogle +Pinterest
previous post
Rising Online Crime Propels Reported Fraud to Soaring Heights in the UK
next post
Prestigious Industry Recognition for Ozan at PSM Awards

You may also like

Pubs urge licensing change after Women’s World Cup...

August 23, 2023

Business leaders join PM’s new Business Council to...

July 18, 2023

UK electric-car grant reinstated until March 2023 as...

October 5, 2022

HMRC introducing new side hustle tax targets Britons...

January 2, 2024

One-third of UK businesses urge government to cut...

October 22, 2024

Gold price rallies as safe haven asset is...

March 18, 2023

Dr. Joseph Mercola: Unleashing the Power of Ageless...

September 25, 2024

Barclays CEO set for potential 45% pay hike...

January 24, 2025

Craft gin maker British Honey flies towards administration...

March 22, 2023

Essential Jewelry for Every Woman

April 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Biden only hand-signed one pardon during final spree, and it was his most controversial one

      June 5, 2025
    • GOP bill takes aim at Congress’ ‘no rules apply’ emergency spending

      June 5, 2025
    • White House highlights Pelosi hypocrisy after Schiff demands Trump admin financial, ethics docs

      June 5, 2025
    • Musk says Trump would have lost 2024 election without him as ‘Big, Beautiful Bill’ feud continues

      June 5, 2025
    • Ex-Biden advisor calls Jean-Pierre ‘kinda dumb,’ deletes tweet, says she’s not a ‘genius-level Black woman’

      June 5, 2025
    • Harmony Squad: Supreme Court Issues Six Unanimous Decisions

      June 5, 2025

    Categories

    • Business (8,149)
    • Investing (2,011)
    • Politics (15,538)
    • Stocks (3,128)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved