WestYorksRoyalStrandedSouthDownsRoyal
Exactly this
He is acting like a gambling addict who keeps throwing money at losing bets in the misplaced belief that the big winner is just around the corner.
So he may have this misplaced belief, that if he keeps on funding the club at the bare minimum level, at some point the tide will turn and we will start winning, getting to the PL where he can get his money back and sell on for a vastly inflated fee.
It won't happen of course but there is no logic anymore.
To have a hope of getting back to the Championship, he'd need to fund us well enough that all bills are paid, players can get hotels and we can renew contract. Not going to happen.
Perhaps if we can climb to mid table a safe L1 club is worth a bit more than a L2 destined club. But small beer compared to the Championship.
I think he'd rather gamble on Selles turning around form and minimising his ongoing losses in the short term and the club folding if it doesn't happen, than be perceived as weak in negotiations and 'lose' on a deal.
I don't think it's a coincidence that around the time negotiations seem to have broken down we won a couple of games. I suspect he tried to change the terms to get a better deal when it looked like we might have a chance of staying up still.
The man is clearly a massive fukwit.