U2 lead singer Bono is reported to be the third high-profile member of the consortium aiming to take over Scottish champions Celtic.

Bono, whose part in the bid was confirmed by friends, joins fellow rock star Jim Kerr, the lead singer of Simple Minds, and Scottish and Celtic legend Kenny Dalglish in heading the group which is preparing to attempt to buy out club chairman Fergus McCann.

Bono has been linked several times with attempts to take over the Glasgow club he supports. The consortium, which is backed by City financiers, is hoping to take control of Celtic with a takeover that could cost it more than £100 million.