Many clubs have fallen into money? Loads of fallen into massive debt too. See this is what I don't get (and sorry I don't mean to just kick off on you, people in general) you say you find it very difficult to believe there was no forthcoming interest in us? Why exactly? It's a mugs game investing in football clubs unless you are stupidly rich and don't care what happens to your investment. Nobody would be interested in is because we were in debt. It needed to be cleared and some people seem to think that the best way to do that would be to splurge a load of money on players. It's madness.
The players wanted to leave to compete for honours (and extra money no doubt) again if we cant afford that then why pretend we can and put the club in jeopardy? We offered what we could (many instances of breaking our wage structure) but the clubs with stupid money could blow us out of the water. We offered the likes of Baines, Jagielka, Coleman etc deals often to keep them here, we offered bigger deals to those that left and dug our heels in when offers came in before letting them go for large fees which were then turned back into the play staff. Pretty much every sale was turned into transfer money or wage restructuring. We could not provide a decent transfer kitty because the money simply was not there. I still never see an answer to what people wanted to happen there other than bringing in some mythical billionaire.
They may have stayed if we were constantly challenging for stuff, of course that's possible, but that wasn't the case and we were not going to be challenging under those circumstances as the club was being managed away from debt into a more stable position. It was a necessary period of frustration which we should have been seeing the benefits of now but well...now we are making poor decisions.