If the goal had really been about having a business that could self fund and make a profit it would have been easy enough to do, however this was clearly not the goal from the outset and too many people not interested in this, the outcome = these long term losses would never allow an easy fix for the future.
So if that wasn't the goal, what was it?
I agree that some rot was there in the beginning, however there were also people there who would say "No" to TS and he'd listen. Sometimes he would get his own way, but not always. It's when the people who would say "No" left, and were replaced with "Yes" men - that's it started to slip away, and quickly.