Hard as it to believe I agree with you. I have often wondered just why Bob Hunter involved himself with TWP. Given his reputation he really could do a lot better and I doubt he drank the Argyle-flavoured KoolAid. Maybe he liked the challenge. Or was a closet RL fan all along.
Given free rein I think he could have righted things but I also think Argyle was a micromanage who reserved all final decisions unto himself with ultimately disastrous results.
I don't believe LiVolsi will be a hands-on owner. He will let Hunter run the show.