Celtic Bank Debt Increased to £9m

Celtic's debt has almost trebled in the year up to the end of 2010.

The club announced their interim results for the six months to 31 December - with bank debt increasing by almost £6m to just short of £9.1m.

Turnover was down by over 20%, while more money had been spent on players and development.

Chairman John Reid attributed the figures to early exit from European competition, the effects of the harsh winter and difficult economic climate.

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So what are the opinions? Is this the start of a slippery slope? Or is this a sign that the club is showing ambition to try and kick on the the next level?

in the grand scheme of things, it actually isnt that much.

Rangers are in a much bigger hole and have had to sell big players to tread water.

Celtic will dominate the SPL in the next few years (unfortunately).

The only hope that scottish football has as a whole is if the old firm move into the english leagues.