Part of the problem seems to be that you have tied Terry's ability to keep running the Phoenix 100% to the WGA loan deal.
If anything ever comes from that then great, but if it doesn't that doesn't mean that Terry and the Phoenix are dead and buried. Terry is a fighter and as of right now he is still standing.
It is tough economic times for everybody but one thing that is absloutely not in doubt is Terry's passion for the Phoenix. That counts for a lot. In fact, there's a nice little quote in that Guardian blog that you are conveniently ignoring:
Racing don't need a sugar daddy, but they do need a daddy: like everyone, they want an owner who is serious and rich, like everyone else, but in that order � a serious attitude matters more than serious cash.
Right now I would rather have an owner who is 110% committed to the Phoenix and who has a huge amount of skin in the game already, than sit here wishin' and a hopin' that some other white knight is parked up around the corner.