“Mistakes have been made and for that I want to apologise to all of you,” the owner said in an open letter to supporters. “It has not been good enough and we need to do better. We are committed to not making the same mistakes again, including how we have not always spent significant amounts of money wisely.
“You have given us incredible support that helped us over the line when we most needed it, and we must repay that support and show that lessons have been learnt.
“Whilst there is no denying that it was an amazing night when we turned around a 2-0 half-time deficit to secure a sensational victory and guarantee a 69th successive season in the top tier of English football last season, it should not be allowed to disguise the fact that we have underperformed in what proved to be a very challenging campaign. You did not deserve the frustration and fear that the season brought.”