Hmmm no cigar is my blunt answer...! But once again Paul appreciate your time and efforts debating. I don't expect us to agree but it is good for us to lay out the arguments so others can see both sides of the argument.
Firstly, I don't dispute that AP was Global Head of Sales at Citibank until 2019. I still don't think that qualifies anyone to run a Premiership football club. In fact, he seems to have little experience running any business. I agree he is not fabulously wealthy in fact I doubt he has more money, or even as much, as the previous chairmen.
The issue I have with the investment argument is described very well in the article above - Burnley FC is not seen as investment worthy, or at least not at the price the previous owners wanted to sell at, which is why ALK was able to buy the club in the first places...! You accept this yourself, and with all due respect, this is an important point: if no one wanted to invest in the club when it had tens of million quid in the bank why would anyone want to invest in it with (potentially) £157 million quid's worth of debt?
I take your point that being very "clever" with the resources at their (ALKs) disposal is just about the only answer you (or I) could give but I do not think that is re-assuring because: (1) there is no evidence ALK is any cleverer than anyone else, (2) they have made it harder for themselves because of the additional debt (3) because of the lack of investment over the last three years means they now find themselves with playing assets that need considerable investment.
I accept that an investment banker should be good at raising capital but with little means at their disposal there is only so many times you can leverage your assets. I await to see whether ALK has more to offer but go back to the point above. Is Burnley FC an attractive investment proposition?
In summary, I think your argument boils down to one thing, which is that Burnley FC has exchanged £157 million quid's worth of debt on the back of a gamble that Alan Pace is able to run Burnley FC better than almost anyone else has run a club in the history of the Premier league.
I wish him well and respect (if not agree) with your view that there was little else on the table but I do not as yet see a sustainable business model.