We all know that there were some problems with suppliers and players getting paid on time before SBW...I know you know this for a fact Harry since you talked to some of the actual players involved about what was going on (nudge, nudge, wink, wink; we both know that Harry).
Some of the suppliers were on this very forum complaining about not being paid properly (I poo pooed them at the time in defence of my club but it turns out they were correct, I apologize now). Then there was the problem with the players getting cheques before Xmas that one year between League 1 and Championship. Both of theses things fit perfectly in the narrative of Fighting Irish and his analysis.
The comments Elstone made were well before the SBW signing as I recall. I think it was as Fighting Irish says; the management team was given a budget by Argyle and they mishandled parts of it from there. Once the SL thing became a forced reality and SL made it very clear they wanted nothing to do with Toronto...Covid hit....well then Argyle was forced to fish or cut bait.