Well, I've had an attack of the Trousers, and can see both sides of the argument, but I've renewed my season ticket and accepted that is my lot as a fan.
On the waste of money I would say that most clubs do to some extent or other, and we only know the situation in the club we support, and yes, it's been bad. But part of that is the nature of the business: all business involves risk but football is clearly in a different league. [Whoops, I didn't mean that]