Celtic agree Mowbray fee

Last updated : 13 June 2009 By Iain Bate - Wba-mad Editor

West Bromwich Albion and Celtic have finally agreed a compensation package for Baggies boss Tony Mowbray – believed to be in the region of excess of £2 million. 

The SPL runners-up would also have to pay an additional figure for assistant, Mark Venus, and first-team coach, Peter Grant.

Albion finally received an official approach from Celtic on Monday after weeks of speculation with their initial offer falling well short of Mowbray’s clause in his contract.  Now however, he seems set for a return to Park Head after four years as a player after expressing his desire to talk to the Hoops.

“We do not want to lose Tony because he has been an integral part of a long-term project at the club which the vast majority of our fans have bought into,” Chairman Jeremy Peace said.

"But Tony expressed his desire to talk to Celtic and now that the compensation figure in his contract has been met to our satisfaction that process can take place.

"If Tony decides to join Celtic he would leave with our good wishes and we would then immediately put into action the task of appointing a new manager who can take the club forward."