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I don't know what his deal is but I don't think he has much regard for "the club" , or more to the point, the fans that make the club what it is.
Maybe he has learnt his lesson, but I don't think loyal is the right word. I think he is determined or maybe likes the idea of owning a team in the English league. I think it's more of a prestige thing and a bloody mindedness to prove he can be a successful owner.
If he ends up consolidating the debts and gets the club on an even keel then plaudits to him and respect has to be given. I guess that remains to be seen though.
In the meantime, maybe throwing money at the problem is not the answer, but can you imagine what might have been achieved had he employed someone to overlook a long-term ambition for the club's structure, on and off the field, when he first arrived.
A decade on and he still hasn't had the nouse to get someone in to manage this side of the things. If financial restrictions mean you can't do it quickly , that doesn't mean that you can't do it at all. However, employing unremarkable managers to take care of the entire running of on-field affairs is probably not the way forward.