The Venky's were financially fine, they just didn't have the finances required for a modern Premier League club. They also didn't have a clue about football and didn't realise you could be relegated from the Premier League.
I think you need to do your research on the Venkys.
Everything you have wrote is factually incorrect
They do have enough money to run a premier league club, they just don’t want to spend any of their own money
They were fully aware of relegation, they talk about it in various interviews
They hired in chief execs to advise them regarding football, which is why Steve Kean got the job
Clearly they were badly advised, but what you have wrote is factually incorrect