The reality is most likely a combination of everything we've all been saying about them for years.
Super human levels of incompetence and stupidity, easily led and ill advised, pig headedness and arrogant and also some nefarious activities to boot.
The owners have meddled in the club's affairs since day one, especially transfers.
I have never bought this badly advised argument it's just all too convenient and deflects blame onto people other than venkys.
They are the once constant.