Bellamy isn't going to end up here, although stranger things have happened. It's his home city, he has to take the plunge at some point, and lets be honest, he isn't likely to get a better opportunity than a very established championship club. The way some people portray Bellamy is as if he holds all the cards, that simply isn't true.
Another reason, the club is in a shit position, makes it easier for him to impose his philosophy as the previous one has failed. It's not going to happen, but i do think that people may be under selling the opportunity for Bellamy.