WTF are you on about?
As has been pointed out, the then vfl wasn't going broke coz it was unviable, it was going broke because of an unfettered spend spree in order to win flags between clubs
That does not mean those clubs would've just died off into the sunset.
Well it kinda does mate, they were ignoring and openly saying our spending is out of control. If they had of continued without expending what do you think the outcome would of been? A couple of flags and fitzroy outcome was where it was heading.
Hence we must expand otherwise we are doomed as its clear we will not try and stop spending.
Not many clubs back then had a John Elliott who was willing to spend at all costs.
The VFL had to expend to continue as they were, or they had to tighten their reigns massively and they had shown no willingness to do so.