His performance at the AGM and his track record in picking managers would support this.It's his job to oversee the situation. What he told White was that he handed the reins over to Koeman and just said "Koeman is Koeman". In one fell swoop he handed a divvy the keys to the family savings and it was gone in a few weeks one summer.
He's a cretin. He might be a great bag carrier for Usmanov, but he's a disastrous man to have around a football club.