I think they died because Murray used a legal tax scheme that became illegal, then HMRC said "you now owe us £50m", then CW took over and didn't pay Tax or VAT so pushed up the amount owed to HMRC to £90m or thereabouts.
Fair enough but the 'tax scheme' was never 'legal', ie HMRC had never approved it. It was a loophole which HMRC closed as it was an abusive attempt to avoid/evade paying tax ... and of course, enabled the club to 'buy' players whom it could not, otherwise, have afforded.
CW put the final nail in the coffin alright but Murray was the real culprit - ran up the debt & then ran away ... with a quid in his pocket.
You think King is the answer now?
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More dubious records to brag about ...