Isn't that a tad simplistic?
Hasn't it been said by many on here- you too, but might be wrong - that the SMC is a poisoned chalice? Everything I've read about it, especially from the ITKs on here, has tended to give that impression.
Maybe enough of a one to deter buyers or buyers making an acceptable offer? i.e. an offer that valued the club and SMC to the liking of the crackpots.
Anyone looking at buying the club, sans stadium, are capable of talking separately to a ready, willing and able stadium owner looking to offload. Maybe not obvious but certainly not impossible.