I agree with 99% of your post. However, I am not sure fans should just accept what this particular board and Ed deem best for the club anymore. Many here argue that this debacle is not Ed or the board's fault. The gist of the argument seems to be that what more can Ed or the board do when they have done all their due diligence when hiring LVG who (they think) was the best available candiate at the time. They have also backed him to the tune of 250m in transfer fees alone in implementing his philosophy. To some extent I accept that.
What I do not accept is some of these senior people at the club are out of their depth when it comes to footballing matters but they don't seem to recognize it. When LVG asks for this and that, does the board scrutinize his requests? You must admit that LVG's transfer dealings (trimming down the squad, having only one senior striker around, etc.) invites scrutiny and criticism. The reason that LVG has been able to do this with the board's full sanction seems to be because there is a dearth of other contemporary senior football executives (definitely not SAF or Sir Bobby) who act as a check and balance against whatever LVG wants to dictate. This may be more of argument to bring in a DOF (another thread has addressed this), but on evidence which we all can see, the board and Ed now deserve to be asked serious questions of why they let LVG essentially dominate the entire structure the way he did and, more significantly, how to get us out of this stagnation, or worse, regression.