To play Devils advocate, if you are painted into a corner where the choice becomes letting Manly Sea Eagles fold and disappear from the NRL altogether because they are no longer financially viable OR you allow them to relocate .....what do you choose ??
The conspiracy theory is that the owners want to run them down till they are withered on the vine and then force the Football Clubs hand with the preference share. Whether you believe that depends on whether you are into tin foil hast or not I suppose.