To add, I also don't see how many hedge funds are going to be buying a football club to lose lots of money. That's completely the opposite of their intent.
No one is paying that idiot Chansiri any more than the club is actually worth, let alone £100m for something worth less than half of it.
Also below the books theres lots of different ways owners make their money and investment work for them. Inflation and rise in club values (i.e. Dallas Cowboys were bought for $140m in 89', now worth $10bn), marketing, publicity, supply chain alignments and moving financials around.