It's clear that the authorities must do more to tackle overspending by clubs so as to make it more normalised for other sides to live within their means.
When a crazy owner comes in, like Stewart Day, and throws money he doesn't have to crack promotion other side's who also want to compete follow suit and the fans blindly back it, with little transparency to scrutinise what's going on until it's too late. (I hope the Trust are taking note of what is happening down the road)
The buck stops at the EFL, who have let two charlatans take over Bury and then spend their way to oblivion. Clubs like those mentioned above - Salford, Fleetwood etc, living off their rich backers don't promote the sort of ethos which is ever going to lead to sensible spending by those whose owners can't truly afford it, yet they're glorified by the press and the League. It's no different to the gambling disease of the game.
The way forward is to enforce a penal system for all overspending clubs, even the ones with rich backers. It shouldn't be fanciful to reject the game of 'whose owner has most money', nor should the EFL place any trust in the goodness of owners.