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They are still in the Premier League, so I think the facts speak for themselves, and they have some very salable assets should they ever wish to cash in. I would consider their strategy to be very prudent and hardly a lie. They could have made big money on Calum Wilson if they had sold him earlier in the season.
Yep I understand what you are saying but unless they start selling some of their best players they will have massive problems when they do down which in my view is inevitable. Charlton thought they broke the model. Then Reading. Then Swansea etc etc. All smaller clubs have a limited timespan in the top flight.
He is doing a good job but is very fortunate to have so much backing from his owners.