Maybe it was poor leadership.
There are any number of reasons why they may not be where they expected to be.
Loading it all at the door of one man seems a bit 'simple'.
If the leadership problems really were as obvious as claimed then why didn't someone else pick up the ball and run with it?
Is it really likely that a bunch of motivated winners just stood by and watched screwups take place without voicing any concern?
I think they just got out-designed and too much momentum was moving in the wrong direction at the point they tried to correct things.
Even ETNZ despite everything they have apparently done right, still find themselves a month behind where they thought they would be.
I also find this talk about which great (ex-) sailor should be leading which syndicate a little bizarre.
Why would they have the skills to run a campaign like this?
Sometimes experience isn't enough and you need real skill and thinking.