That is ridiculous, the manager is basically the bulwark against them overspending again.
All they had to do was not breach loses of greater than £105m over 3 years (excluding stadium and numerous other costs) and not only did that happen, in the following accounting period they managed to lose another huge chunk of money, hiring more staff and shellacking a load in transfer fees in the process.
The indignancy of their fanbase is bizarre, if Liverpool had been run that badly (ala Hicks and Gillett) then loads of us would have been putting the boot in, instead they're just moaning at the arbitrary nature of the rules their club signed up to.