I am a Management Accountant with 30 years experience:
1. I can't bear to read our accounts - year after year - as the board seem to be living in a fantasy world whereby we will suddenly find oil in Bramley Dock or underneath the Main Stand or (football equivalent) find a Ronaldo or an Erling Haaland (we will sell for, well, a lot more than £25M)
2. We spend too much, we buy too many (expensive) players, usually the wrong ones (often injured) and put them on expensive long term contracts.
3. We earn too little
4. We fail to correct previous mistakes
But we did escape punishment for the last three years mess. So they'd better not repeat the mess in Year 4.