The thing is lack of leadership.
There is no apparent chain of command which makes accountability for poor performance very difficult to achieve.
When Moshiri bought in, and Kenwright remained, I understood that that was part of the agreement between them, but I naively expected Kenwright was remaining as Chairman mostly as a gesture of goodwill from Moshiri, and to ease the transition between the old board and the new.
I actually thought it was a sop to Kenwright's ego more than anything, and that his role would be purely PR at a supposedly exciting time for the club. I could understand at one level how he didn't want to spend 16 years as Chairman (?) and that he wouldn't hand over without conditions, and let someone else steal HIS limelight at HIS club.
And I'm not saying everything has failed, but 2 years on, and its turning into a major disappointment. We have Moshiri who is either unable or unwilling to force through the changes badly needed at the club, and Kenwright, insistent on keeping a grip on the inside. No business, football-related, or other, can be successful and implement a change and reform agenda with such a mish-mash of people from different camps and with different agendas. In the meantime we stumble on, and look to have done a particularly bad job of transfers and getting value for money. Who is responsible and where does accountability lie?
This looks to be something set to continue for another year at least, perhaps more, depending on the outcome of the stadium.
If that were to go pear-shaped, then the only obvious conclusion is that Moshiri will bail out and would probably sell his stake back to Bill alone, or to Bill and an assortment of his mates with connections.
I can't actually see that happening due to the pervasive influence of Usmanov with this development, but even so, all that seems in store in the near future is more instability and drift.
