Doubt it works mate to be honest, especially these days as people are on to it.
I think they do it as they're a bit clueless mate and like to appear to be doing 'something' rather than 'nothing'.
Totally understand what you mean, but I think we sometimes fit our ideas of the board to meet our own narrative.
On one hand they're stupid and put out stories like this without realising that it makes them look even worse, enter in to poor commercial agreements because they don't realise we could do better, and get duped by people living in bedsits. On the other hand, they have achieved their primary objective of keeping hold of the club for 20 years, while also keeping the majority of the fan base on side, controlling the media to ensure that they never get any negative press, and tying potential investors in legal knots which mean that they can't disclose their interest before, during, or many years after they enter in to talks. It's very difficult to see how they can be criminally incompetent and evil geniuses at the same time.