I very rarely post on Bluemoon, but I have something to contribute to this thread, so here goes. Sorry it's so long.
I knew Peter Swales and a few of the others who were directors of City in the late seventies/early to mid eighties. I knew them because a close relative of mine was a City shareholder and was 'well in' with Swales, which got him and me free tickets and other privileges, so I think I can say something about why Swales was able to ruin the club.
Swales was not a nice man. He was pleasant enough when people flattered him. Not so nice otherwise.
At the time I knew him, Swales was a big fish in a small pond - the City boardroom - and the little fishes (including my relative) were prepared to go along with whatever Swales wanted because they knew that if they opposed him, all privileges would be lost.
and it was very nice to be ushered in through the official entrance at Maine Road by a uniformed commissionaire, have free food and drink and a seat in the directors' box - and another drink at half time and another after the match.
And you got the same treatment at away grounds - I certainly did - lots of times - and if there wasn't room for me in the directors' box that day, I had a complimentary main stand ticket and and a pass to get me into the directors' lounge for a post-match drink or two.
Basically, if you kept in with Swales, voted the right way at board meetings (or in my relative's case, at shareholders' meetings) made the right noises in support and made no waves, the privileges continued - for you and your family. If not, not.
It didn't help that most of the rest of the board were basically decent people who loved the club and were proud to be directors, but had little financial clout or business acumen. Chris Muir owned newspaper kiosks around Manchester, Michael Horwich was a solicitor, Iain Niven owned a pub, Sidney Rose was a surgeon (and, it was rumoured, really a United fan). None of them had Swales's cunning. None of them were a match for him.
And things were going pretty well when Swales took over in 1973. We were still a major force. The people who were prepared to say yes to Swales at the start of his reign could at least point to the club's current success, but they weren't able to cope with his approach. I remember being told that he was the first executive chairman the club had ever had - he was at Maine Road every day and wanted to run everything. That's not how Albert Alexander had done things and a board made up entirely of non-executive directors (apart from Swales) would have been outmanoeuvred at every turn.
Perhaps they remembered how bad things had been in the 1960's. The Alexander family had been in control of the club for a long time and things had gone to pot, culminating in relegation in 1963 and the appointment of George Poyser as manager. I believe the board thought that Swales offered some hope that the bad old days were gone forever. How wrong they were. The club was hopelessly bust by the time he left.
None of this excuses them for not standing up to him.