You're saying the ownership bears no responsibility for letting the team be relegated when they were 5 points above the relegation spot at the halfway point and when the transfer window opened and made signings?
They were mid-table when he bought them. Literally
I would give them the first relegation, it's not easy to come into a club midseason and not only spot the issues and fix them. Now there is a bigger issue with the club basically being in the same context 5 years later.