Apologist? Not really. The name change debacle was an eye opener. It was only ever a business move despite the "Gift" stuff said at the time. That is why you have to understand their motivations from then on. It was a business. Not a football club.
Cheque book out? Now this is one of the biggest ironies of their tenure. Nick Barmby was sacked for suggesting their was no money for players. Papa contradicted him and said there was. An owner leading the chant of cheque book out?
Their whole tenure seemed to be contadictions. Whatever else they may or may not have been, they were pretty shrewd businessmen. (Well, maybe one of them was)
That's another of those contradictions. Sometimes he appeared to be shrewd. At other times he was a small-time local business guy way out of his depth dealing with authorities and bodies way above his usual business. Buying football club without realising the millions of pounds worth of liabilities it had is anything but shrewd. He employed a handful of people in Melton at a business where no one could order paperclips without running it by him, but supposedly made millions selling disaster relief generators in far-off places. He supposedly came here with nothing and built a fortune from this business. His other businesses failed and everyone lost their jobs with nothing, whilst he got to keep the assets. His rags to riches story never stood up to scrutiny, and he had links to extremely wealthy people in African countries that he liked to keep quiet. As you say, it's all contradictions and his business acumen and history is definitely one of them.