Surely it's time that Lionel Hutz got the bullet. The CEO was not a passenger, he was at the wheel.
I really feel for you guys, you get rid of the utter charlatans and inherit a fucking mess. I hadn't appreciated how tight it was. I heard rumours but sounds like you were close to not being able to pay wages.
You'll need to cut your cloth accordingly, dig deep as fans and bail the club out. Short term pain for sure but hopefully you can get the club back to budgeting properly and attract new investment.
All the best.