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To put it another way would Ken Choo put a Director of Football in charge of his car dealership. I very much doubt it, and for the same reasons the same should not happen the other way.
City are an established Championship team. They should be knocking on the door and making progress. If Tan is so content on watching the pennies then the best thing he could do is put somebody in charge to oversee this who know what they are doing and not two people who are playing at guiding the club forward.
Keeping these people in their positions, being hit and miss with managers, transfers and the like is losing him far more money than a decent wage for a Director or Football would cost.