You don't have to pay for the leaks if it's not on a meter, thats why meters save water over time as you have to fix it or pay for the water to drain...
I doubt it, but it's looking like he's starting to consider it more, but who knows? I'm sure his family would like him to sell it and enjoy the rest...
Have they actually got a decent budget, or do they just see a great opportunity while a club is relegated and the owner in a difficult spot, which is...