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Celtic chief executive Peter Lawwell's house reportedly caught fire after an attack overnight.
The Daily Record reports that thugs struck while Lawwell and his family slept, aiming a petrol bomb or similar device described as a 'molotov cocktail' at his car.
The vehicle is then believed to have exploded with the flames spreading to Lawwell's Glasgow property.
Police and fire engines swiftly attended with Lawwell and his family reportedly taken to a safe location.
A Scottish Fire and Rescue Service spokesperson said: “We were alerted at 1.02am on Wednesday, May 19 to reports of a car on fire outside a dwelling on Peel Road, Thorntonhall, Glasgow.
“Operations Control mobilised eight appliances to the scene to extinguish the fire, which was affecting a number of cars as well as the detached two-storey property.
“There are no reported casualties. Crews remain in attendance.”
A Police Scotland spokesperson added: "Around 1am on Wednesday, 19th May officers were called to a report of vehicles on fire outside a house.
"No one was injured and officers are currently working with the Scottish Fire and Rescue Service to establish the cause of the fire."
Celtic were beaten to the Scottish Premiership title by Rangers this year with the Hoops having struggled.
It was the first time since 2011 that Celtic have not won the title with Neil Lennon leaving the club during the season.
Lawwell was first employed by Celtic as the club's financial controller from 1990 to 1991 though is leaving his position as chief executive at the end of next month.
Dominic McKay is moving from Scottish Rugby as his replacement with Lawwell retiring after 17 years in the role.
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Lawwell had said: "I believe the club have identified an excellent successor with the highest integrity."
He added in January: "It was obvious that the club would be facing a natural period of transition at the end of this season regardless of any outcomes.
"Like every Celtic supporter, I am disappointed that, so far, this season has not worked out in the way we all hoped for, despite our best efforts."
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