This certainly makes the most sense when it comes to explaining our situation.
The one thing that a football club has is a guaranteed high rate of turnover. This way they can transfer all their debts to the football club and make their other businesses look far better on the balance sheet. That would make the share price of the other companies more valuable, paying higher dividends blah blah blah.
Assuming of course that is what they are doing.
It does almost seem that our position in the football league is more so by design than anything else. Venkys don't give a fuck about the club. As long as there is some turnover and they have someone in charge who can keep things idling away whilst turning a blind eye to whatever else may be going on then they are happy.
Is it corruption, incompetence or both?