The last para in your post nails it.
This Club was in no position to take a punt on an untested Manager. We needed someone with the proven ability and respect of players to sort this mess out.
At best it is looking like another 2-3 years wasted, by which time we won’t be a draw to any top manager without paying well over the odds. And the longer this goes on, the less able we will be to finance something like that.