I don't think we're laughable at all.
We're the latest in a long line of clubs like Leeds, Villa, Sheff Utd, Wolves, Southampton, Bournemouth, Newcastle, Burnley, Bolton, etc who dropped into the lower leagues, gone into admin, etc.
We're now being taken over and things will no doubt improve ... Bolton aren't laughable or farcical imo.
I remember Carlisle going from the very depths to the top of the 1st division ...
... they're in a current bad spell but I'm sure their supporters enjoyed their win last week.
Are they farcical?