Yes really. You’re principally describing the money wasted by the club when its transfer budget was bloated with the VVD sale proceeds, not with any money invested by Gao to bring the club to the next level.
If the club is competently run, player salaries are reasonable once we get rid of overpaid hard-to-move assets like Hoedt, Carrillo and Moi, and we still have an excellent first team coach like Hasenhüttl, it should hopefully be OK but Gao will not be a good man in a storm, and he could potentially create a storm or two himself if he decides to use the club’s revenue to repay the debt he incurred in acquiring it.