to my mind there are two issues here.
to give the council 700k is simply throwing money away. if the stadium isnt viable then its 700k each year that is needed, so best bite the bullet and shut it now. it always was an example of council profligacy
the second issue is that of philanthropy. problem here is that unlike the USA where rich people make it and then give it away ( like Bill Gates) or like we used to be in victorian times ( Rowntree, Cadbury, Salt etc) we have drifted into an attitude that says its all down to the state. and UK politics doesnt help by emphasising government spending on everything. for example, people have lost money by investing in a dodgy third world banking system in cyprus. what happens? the government comes under pressure to make good their losses. after all , people cannot look after themselves.
so understandably when poor girl makes good, she wants to trouser it. though I'm sure a lot will get diverted to relatives and hangers on . not to mention the government so they can do all the things that we believe the government should do.