This was Corney's way of running the club, until he could no longer borrow to pay the bills. Leaving us in a complete mess of alleged undisclosed debts.
I don't know where AL is getting the money from, but the club is losing £1m a year. If AL manages to buy the stadium in the name of the club, then quite a lot of that £1m could be made up from the income generated if it's done properly. The first thing would have to be a winning team to get attendancies up, so that more money is spent on match days.
I agree with you about the players brought in over the years. The playing budget for 2018/19 could have been about £3.5m, because the turnover would have allowed that, but I don't think it was anything like that.
As the EFL is so pitifully poor at checking out new owners (see Wigan) we need to be very careful we don't get someone worse.