His views are clouded by the fact that he doesn't like Cortese. Simple. Ignore anything he says is my advise because it's not reasoned.
I keep seeing this from lots of people ''Southampton spending money they don't have, spending above their means''. Surely spending money we didn't have would mean that the £33m wasn't converted into shares? I'm sure Chelsa and Man City spent alot of money they didn't have to get to their level, but in reality it's never been a worry because they know they have a solid base.
Comparing us to the Skates and their financial mess up is a bit of a joke, and if we did have the money from our investors frozen we would need to cut down a bit - so would city, chelsea etc etc...
If you want success you need to spend, and sometimes that requires a little bit of investment from the owners. What's wrong with that? People seeing this in a completely wrong light as usual.