It's an interesting situation.
WP is a management disaster, but Winton (on the surface at least) seems fairly solid. Did the WP management operate on less oversight? I doubt there is much BAC membership in the vicinity of WP, and that might have been a factor in WP going off the rails where Winton would/might have bottom-up corrective pressures.
It would be interesting to know whether the strictures of the 1993 DA approval were known and appreciated by the BAC Board and membership when the decision to purchase was made. This was the fundamental error, compounded by the subsequent investment.
Talk about building a castle on sand foundations ...
