By Richard Parks

Celtic have been given the green light to build an £18million state-of-the-art hotel complex next to their stadium, according to a report.

The Daily Record claim the club’s plans to regenerate the area around Celtic Park, which were unveiled earlier this year, have been approved by officials from Glasgow City Council.

Club chiefs unveiled their masterplan for the development, which will be based outside the main stand of Celtic Park in February.

The hotel includes a restaurant, cafe and bar and the project will also incorporate a new museum, superstore and ticket office.

The Daily Record report that the cost of the project is expected to be in the region of £18million.

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Richard Brown, executive director for development and regeneration services at Glasgow City Council, has written to Celtic informing them planning consent has been granted.

It is said that no objections were lodged to the plans and the decision notice states that building work must be commenced within three years.

In a statement to the council in support of their application, Celtic said the new deal would create up to 120 jobs, provide and economic boost to the area and reduce congestion around the stadium.

Celtic have been given approval a week after announcing healthy financial results.

The club revealed pre-tax-profits had rocketed to £6.9million during their Invincible treble-winning season.

The annual report for the year ending 30 June, 2017, also showed an eye-watering 74 per cent year-on-year increase in group revenue from £52million to £90.6million. 

Chairman Ian Bankier praised Brendan Rodgers and his players for helping bring consistency and stability to the club during the Invincible season and highlighted the importance to the club of securing Champions League group stage football.

Celtic won their second group stage encounter 3-0 against Anderlecht in Belgium on Wednesday night.

In other Celtic news, Liverpool legend Steven Gerrard has claimed lots of clubs are keeping close tabs on one “excellent” Hoops player.

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