Agree that NC didn't focus enough on the revenue side and it could give off the appearance of wanton empire-building, though it could be argued that success on the pitch remains the best way to generate a real increase in revenue -the rest is the equivalent of looking for loose change down the back of the couch.
The idea that spending under NC was reckless is a complete myth - our balance sheet is one of the healthiest in the league, even after taking account of various cash injections. As a local historian with a supposed understanding of precedent, would have expected more from you.