This is 100% and unfortunately very troubling.
You would think a multimillion dollar businessman would understand the concept of investment. In other words, lose something now for greater gains in the future.
The Canucks should have looked at a full rebuild like an investment. The losing would have given revenue a big hit in the short-term, but they would have made it back & more had they done the rebuild right. Instead they avoided the idea of a full rebuild like the plague and, to what should be nobody's surprise, became a dumpster fire anyway.
We might have a chance when this owner/management group learns there are no shortcuts. A lot of good pieces are in place, this is far away from being unsalvageable. Just frustrating how many unforced errors we will have to suffer to get there.