We don't know. Maybe.
Either way, and irrespective of this, I don't plan to buy another season ticket unless he reassures me of his intentions and credentials.
And if we start ****ing other people's (charities, schools, small businesses, other football clubs, tax authorities etc.) money away on players to achieve some sort of success (which doesn't look likely), I won't be celebrating and I will expect the club to suffer what punishments come its way.