Hood netted 123 goals in 310 games at Parkhead from 1969 to 1976 after moving from Clyde, where he played either side of a spell at Sunderland.
The forward won six league titles, four Scottish Cups and two League Cup winners’ medals and was top scorer for Celtic in the 1970-71 season with 33 goals.
He went on to play for San Antonio Thunder, Motherwell and Queen of the South before focusing on his business career.
Hood founded the Lisini Pub company in 1969, with the family firm’s portfolio currently including a number of hotels and pubs in Lanarkshire including Dalziel Park Hotel in Motherwell and Angels Hotel in Uddingston.