Celtic Football Club said planning permission in principle has been granted for its £18 million proposals to create a hotel, museum, and retail and ticket office facilities.

“The application is part of Celtic’s long-standing masterplan for the area, a vision which aims to deliver benefits to the club and our supporters and allow further regeneration of the East End of the city, something to which we are totally committed,” said Celtic.

“It is important to emphasise that considerable work and investment over a number of years would be required to bring this project to fruition.

“Celtic aims to be a world-class football club in everything it does. We are pleased to have made significant investment in recent years to develop the stadium and public realm area for the benefit of our supporters.

“Any further development of this kind would be a hugely positive step for the club, for our supporters and for the local community, but we understand there would be a number of challenges to overcome to complete a development of this scale.”