AS Glasgow prepares to host the Commonwealth Games, a report has revealed sport already contributes hundreds of millions of pounds to the city's economy each year.

Football clubs Celtic, Rangers and Partick Thistle and rugby's Glasgow Warriors are the largest money makers, along with bowling, tennis and golf clubs.

A report commissioned by Glasgow City Council and sportscotland said the city's sport sector contributed £367.91 million to the local economy in 2010 – the latest year for which figures are available.

This is expected to rise considerably in the following years because of investments made for the Commonwealth Games.

Commercial sport accounted for half of all sport's financial contribution in 2010 and was also the largest employer, providing nearly 8000 jobs.

Sport plays a bigger role in Glasgow's economy than the national one, the report showed.

Since 1995 Glasgow City Council has spent more than £300 million building sports facilities, including the Emirates Arena. Others facilties such as Tollcross International Swimming Centre have been upgraded.

Last year Glasgow hosted the UCI Track Cycling World Cup and it will stage the World Youth Netball Championships in August.

The city has already secured the 2015 IPC World Swimming Championships and World Gymnastics Championships.

Council leader Gordon Matheson said Glasgow regularly plays host to some of the world's top sporting events.

He said: "This hasn't happened by chance and is thanks to our continued investment in world-class facilities such as the Emirates Arena and Tollcross International Swimming Centre.

"The construction of these facilities has allowed us to attract some of the best events in world sport to Glasgow, helping create and sustain employment opportunities in the sporting sector. At the same time, these facilities are also being used by local people on a daily basis, with attendances reaching record levels.

"Our commitment to sport will see us build on that in future years. The people of Glasgow are also continuing to show their love of sport by ensuring that the city's major events programme hosts sell-out event after sell-out event."