They are gambling on option 2 getting the fans back onside through a change of style but it's hugely naive as Martin simply isn't going to ditch his philosophy and he's been very clear on that.
It's very likely that we won't have any more points on the board by Xmas, I think the owners are taking the piss and know that saints fans are meek and submissive and won't do anywhere near the protests that other clubs would so they are happy to just roll with it!
You would think his position would be untenable back in the championship but stranger things have happened!