Celtic Football Club (pronounced /ˈsɛltɪk/) (LSE: CCP) is a Scottish football club based in the Parkhead area of Glasgow, which currently plays in the Scottish Premier League. The club was established in 1887, and played its first game in 1888. Celtic have won the Scottish League Championship on 42 occasions, most recently in the 2007–08 season, the Scottish Cup 35 times and the Scottish League Cup 14 times. Celtic's home stadium is Celtic Park, the biggest football stadium in Scotland, with a capacity of 60,832. Together with their Glasgow rivals, Rangers, they form the Old Firm, one of the most famous and fierce rivalries in sport. The club's traditional playing colours are green and white hooped shirts with white shorts and white socks.
After reaching the 1967 European Cup Final, Celtic became the first British team, and only Scottish team, to win the European Cup: the players, subsequently known as the Lisbon Lions, were all born within a 30-mile radius of Parkhead. Celtic won every competition they entered that season: the Scottish League Championship, the Scottish Cup, the Scottish League Cup, the European Cup and the Glasgow Cup. Celtic also reached the 1970 European Cup Final, but were beaten by Feyenoord.
Celtic Park is a football stadium in the Parkhead area of Glasgow, and is the home ground of Celtic Football Club. Celtic Park, an all-seater stadium with a capacity of 60,832, is the largest football stadium in Scotland and the sixth-largest stadium in the United Kingdom, after Murrayfield, Old Trafford, Twickenham, Wembley and the Millennium Stadium. It is commonly known by Celtic fans as either Parkhead or Paradise.
Celtic was formed in November 1887 and first laid out a ground in the Parkhead area in 1888. The club moved to a different site in 1892, however, when the rental charge was greatly increased. The new site was developed into an oval shaped stadium, with vast terracing sections. The record attendance of 83,500 was set by an Old Firm derby on 1 January 1938. The terraces were covered and floodlights were installed between 1957 and 1971. The Taylor Report mandated that all major clubs should have an all-seated stadium by August 1994. Celtic was in a bad financial position in the early 1990s and no major work was carried out until Fergus McCann took control of the club in March 1994. He carried out a plan to demolish the old terraces and develop a new stadium in a phased rebuild, which was completed in August 1998.