 Celtic were formed in 1887, and in 1897 the club became a Private Limited Company with a nominal share capital of 5000 shares at £1 each.The following year a further share issue of 5000 £1 shares was created to raise more capital.The largest number of shares held were by businessmen from the East End of Glasgow, notably James Grant, an Irish publican and engineer, James Kelly, one of the club's original players turned publican, and John Glass, a builder and driving force in the early years of the club.