Celtic chief to see in New Year with £2.3m bonus

Celtic chief executive Peter Lawwell will pocket a £2.3 million Christmas bonus this hogmanay, it has been confirmed.

The Glasgow football club said the 59-year-old, who succeeded Ian Mcleod as chief executive 14 years ago and already receives an annual salary package of £1.17 million, is being rewarded for his performance in running the club for the past two years.

The award further confirms Mr Lawwell as the club’s biggest boardroom earner.

Celtic plc secretary Michael Nicholson said: “The main objective of the remuneration policy remains to attract, retain and motivate experienced and capable individuals who will make a significant contribution to the long term success of the group whilst, taking account of the marketplace.

“Specific corporate and personal objectives are used for executive directors and certain senior executives.”