The issue I have with this theory is that some of our debt is because of his actions. I could make the argument he didn't examine the books so any debt he inherited is his issue, but the club clearly needed the money so happy to satisfy that. He's then added another 30-40m on there due to relegations suffered through his bad decisions.
I hear a lot on here about how we should thank St Michael for putting his money into the club to get us up. He has loaned us that money, and the only reason he's done so in the first place is because it's in his best interest financially for us to be a Premier League club. We get more money, he gets more brand exposure. He can't be thanked for putting money in if he's also then going to take it out in a sale. As for interest, sure, he could charge interest, but it's already an unrealistic price at £300-350m so why make that fact even more ridiculous?
Ashley not only wants the money he put in at first (fine) he also wants someone to pay for his mistakes and present him a profit of between £60-100m. For what? We're not in a better position since he took over. Nothing has improved from an infrastructure set up. The ground looks like shit, the training ground is bordering on League One level.