John Kennedy has been backed into favourite to become Celtic's next permanent boss.

The former defender has been handed the reins on an interim basis this morning after the club announced Neil Lennon's resignation following a string of bad results that sees the Hoops 18 points behind Rangers in the league.

Kennedy will now take charge of the squad for the rest of the campaign, but punters have dropped their cash on Lennon's former assistant keeping the position beyond the end of the season.

READ MORE: Neil Lennon breaks silence on Celtic departure after 'frustrating' season

Sky Bet have Kennedy at odds-on favourite with a 10/11 price while the likes of Betfair have the 37-year-old sitting at 11/8 in front of his competition for the role.

We told recently how Scotland head coach Steve Clarke was previous favourite and Rafa Benitez, Eddie Howe and Frank Lampard have all been linked with the job.

Now, though, Clarke is second-favourite in front of long-shots Roberto Martinez, Roy Keane and Thierry Henry.

Odds list

Kennedy - 10/11

Clarke - 5/2

Roberto Martinez - 10/3

Eddie Howe - 3/1

Rafa - 11/2

Lampard - 7/1

Keane - 14/1

Alex Neil 17/1

Thierry Henry - 20/1

Leonardo Jardim - 20/1

Chris Coleman 20/1

Jack Ross 22/1

Shaun Maloney 25/1

Damien Duff - 33/1