George,
Respect your passion mate. Take it out on either the NRL or the CLUB.
Do I think 1/4 mil is small chips for an NRL club ? Yes. Especially one that has yet to fill a squad, and if they have been running at a loss for 7 years, then who is to blame ? The NRL. ? Or absolute incompetence, by the club mainly due to on field performances, coaching extensions, and so forth in the 7 tears you mention. Seems to coincide with the period that old useless coach, you know, Bennett left us.
By the way, applying for cap relief didn't mean that had to spend it immediately, ( refer your last sentence ). It means that they put themselves in a position to buy if and when they can. By delaying doing so is derelict. Period.