Apparently the figures are positive according to Dave King even though turnover was up 63% to £53m. They've played a risky game and it's failed by spending big by Scottish standards but didn't manage to clear the deadwood out the place so they've a huge wage bill at the moment although they do now have players worth a bit of money.
King and Douglas Park have now converted an eye watering £35m in soft loans into shares in the last 18 months alone, clearly that can't carry on forever. It's stop Celtic at all costs, though I'm not sure "all costs" includes putting the club down the pan again. Sooner rather than later they're going to have to get their house in order.