It all depends how the sugar daddies have funded their plaything.
If this is with repayable loans then there is no security for the club as if the sugar daddy gets fed up then the club simply don't have the means to repay and would go to the wall.
On the other hand a sugar daddy putting money into a club that could not repay risks losing it all anyway. Its like a bank loan. If you owe the bank £10k then you have the risk if you owe the bank £100k then they have the risk