The very difficult decision to close the youth system is not related to the existing level of debt, unless under the terms of the takeover that debt is repayable.
It is absolutely related to the levels of cash in and out in the future, which are now out of balance as Hayes is not prepared/able to continue to put cash in.
Those two things are very different, a point it would appear lost on the majority. Your fundemental point though is correct, it doesnt really matter what other clubs in their individual circumstances can or cannot afford. It matters what we can afford