FERGUS McCann will make an emotional return to Celtic later this year as the club marks the 20th anniversary of his Parkhead takeover.

The businessman bought Celtic in 1994 and transformed their fortunes on and off the field following years of financial problems, during which Rangers dominated domestically.

Events will be held at the champions' Premiership clash with Inverness Caledonian Thistle on March 1 to pay tribute to Mr McCann and he will jet into Glasgow for the first home league fixture of the new season in August.

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Chief Executive Peter Lawwell said: "We are delighted that Fergus has agreed to be our guest of honour at our first home match of next season.

"2014 is a very special year for Celtic, with a great deal happening for the club.

"It is a year of real significance as it marks the 20th anniversary of Fergus's takeover of Celtic.

"It is right that the special contribution he made to Celtic is marked in this way.

"Fergus's intervention in 1994 delivered the current Celtic Park, at the time the largest club stadium in Britain and, ultimately, he reestablished Celtic as a footballing force.

"He enabled supporters to take a stake in the club they loved, to be part of something and once again have pride in their team.

"His contribution has led directly to the position of health which our club is in today."

Three years after Mr McCann took control of the club Celtic ended Rangers' run of nine successive top flight titles as they lifted the SPL crown in 1997/98.

Mr McCann said: "It gives me great pleasure to see Celtic as such a successful and well-run club as it is today.

"That is credit to the faithful backing of the supporters, and also the investors."