You seem to believe that Fonte leaving is about money. When it's about money, there is always a simple solution: Pay them. We have tons of money right now. I have no doubt we could beat Man U's. offer.
I don't like giving players in their decline years extensions or increases. And it seems to me whenever you make the exception for the guy who is loyal, or who supposedly lives and dies for the shirt.... something like this happens and it turns out they are just players like all other players. I wouldn't cave to Fonte's demands for the same reason I wouldn't have extended Davis.
So no. I'm perfectly fine with Fonte leaving. As I said earlier, I wouldn't even be offering him a pay increase anymore. I don't think he's worthy of being team captain/veteran leader right now, and that's why we were trying to keep him the highest paid player.
But my saying that I don't think it's wise for the board to do something is entirely different than saying the board CAN'T do something.
The need for someone to be a hero and the other side villains is annoying. Especially when for you, the hero is always the club. It's a business. Get used to it. The board can make good business decisions or bad ones. And the decisions are hard, so they make mistakes. Probably a lot more than the ones we even know about. It's fair to disagree with them or question them without being accused of being a bedwetter, etc.