I recently listened to BBC Radio Manchester's In the Spotlight, or whatever it's called interview between Franny and Cheesy.
In it Franny said that the removal of the rubble from the Kippax should have cost £1 / tonne, but ended up costing £28 because it was toxic.
That's a hell of a lot of money taken out of your budget for transfers or whatever.
Also, he said that he had a manager lined up to take over from Horton, but he suddenly decided he didn't want the job, which left very little time to bring in a replacement.
There is no doubt that FHL made mistakes, but considering the state the club was in, I don't think anybody would have done a better job, at least in the short term.