I'm probably alone in this but I was always sympathetic to Blades's plight. The club was losing money, the board at the time weren't rich enough individually to make up the shortfall*. Reg Brealey would have been (at the time) but he'd upped and left for Sheffield United by then (I think).
Despite being top of the 3rd Division gates were poor so what could they possibly do? Something had to give. In the end both the players/staff and Directors used each other and it let to some very unsavoury incidents. But then again, a number of fans always believe that someone else should be funding their entertainment.
And that side would have been broken up anyway. We were a small club performing well with players who were better than the division we were in as Felgate, Thompson, Peake, Shipley, Turner, Cockerill, Hobson, Cunningham etc all proved later.
Bigger clubs would always have taken them. It still happens to clubs like Southampton with income of over £100,000,000 a year.
At the start of that documentary (fantastic to see , my thanks to domski10) the entire 92 team league owed "only" £40m.
"When the overspend happened under John Reames just a few years later we all know where that almost led.