Tbf the administration thing is well overblown with Redknapp. He has to take the blame for Bournemouth as he was very close to the board and knew what the picture was. Pompey too of course, but Peter Storrie is just as much of a villain there (and the PL/FA have to answer for allowing a convicted arms dealer to run an English club through his son who had no proof of independent wealth whatsoever).
West Ham got in trouble because they decided it was a good idea to appoint Glenn Roeder after H was (rightly) sacked. He'd laden the squad with shite and wasted the Ferdinand money but still, look at
their 02/03 team that went down. Should never have happened and their (fairly mild) financial difficulties came because of that relegation. When they were in trouble under the Icelandic owners....that was bloody eons later.
He barely spent anything at Southampton, he was just shit. Relegated them and allowed a
Bryan Robson team to stay up FFS. He had a front three of Crouch, Phillips and Camara to call upon and over half a season, needed the lowest points total ever to stay up and still failed... awful management. Then had them nowhere near the top six before he schlepped off. They were heading into the mire finance wise before he arrived and really hit the skids when their parachute money ran out and they'd missed out in the playoffs under Burley.
Spurs obviously were fine financially.
QPR's method was exactly the same under Hughes as it was under Redknapp. Tony Fernandes at fault there.
He's bought some total wank at Blues, Stockdale and Jota are on silly money but there's not a squad there that's going to financially cripple them....unless they go down to L1. And that's his sin, as at Southampton, just being fucking terrible because he doesn't do tactics, or training. Just buys players and sends them out. If he gets the signings wrong then there is nothing there to fall back on.