Actually, as Redknapp would have been in charge for over 50% of the games, he is the one that would have most responsibility for taking us down. And, if we were demoted to the Conference (the chances are almost non existent) that would be due to a combination of TF, the rest of the board & HR.
The financial time-bomb is ticking... With DT threatening to sort out terrorists GCHQ might be knocking on a few doors soon...