According to an insider, just one signature has still to be added to those of a consortium of international businesses and that once this happens, the contract will provide a green light for the project.
Yesterday, Michael Kelly, the Celtic director, confirmed the situation and said: 'At the moment, the priority for the club is to appoint a new manager but negotiations regarding the stadium are currently on-going. We are hopeful that the deal will be resolved soon.'
The construction of a stadium at Cambuslang will cost pounds 50m but the first instalment will ensure grants and other money can be secured.
The club had hoped to make an announcement last Thursday but were pre-empted by the resignation of Liam Brady as manager.
Meanwhile, Lou Macari, the Stoke manager, remains the board's preferred choice as the new manager. The situation should become clearer tomorrow when Celtic are hoping to make an announcement.Reuse content