Agree. I feel for the fans but a phoenix club will get my support rather than throwing cash at this guy. He might even have bought the club in the hope a benefactor comes along with £1million but as he hasn't filed any accounts yet we don't know what dividends/expenses he's taking out of the business so don't know how good a businessman he really is.
I'm surprised John Whittaker of Peel Holdings hasn't stepped in what with him being raised in the town. I know he's a rag but ... well maybe there's the answer.