To be fair, they had to say something and whatever they said it would have been lacking to some degree or other. For me, a more blunt response from the heart in the manner of "we have failed badly, we have made mistake on mistake and can only hope the fans can forgive us as we attempt to rebuild for the future" would have been refreshingly honest and earnt a little respect.
Didn't we hear some time ago that we were relying too much on loans and that was going to change? So it's not good enough to repeat it now.
Also claiming we are going to build around young, upcoming players when the board have already shown they will sell our best youth for a half decent offer is clearly meaningless - and I don't think that is included in one of their "mistakes" that they've learnt from, as at the time of the Kyles' sales McCabe blamed agents and said he was helpless.
I have been arguing against the policy of investing in hotels, offices, foreign clubs and goodness knows what for years. Unfortunately it seems I was right, as it's done us no good at all. I find the attitude of these business men arrogant and condesending - I don't believe a club should be treated like a business anyway, but I agree with the comment already made that a serious business would have thrown them out on their ear long ago.
I could go on, and on, and on. But let's hope we at least have a decent season next year and can actually start to enjoy the football for a change.