You make some very good points, Mr. Davies-Moustache.
My only addition to your argument would be much harder to quantify and might be considered wishy-washy or dare I say it, soft, in some quarters.
I would suggest that we've given every other fan (and director) of every other half-cocked club that most precious of all commodities, hope.
They've gotta be thinking, if it can happen to perennial fuck-ups like that lot...
Of course, the more calculated assessment would be that we have actually lessened their chances of a knight in shining armour galloping into their boardroom (especially now that we've snagged big Chinese investment too) but that's not the way football supporters dream.