Sure. Though if you take the standpoint of a rival club, they'd no doubt say that "the new owners, knowing the situation, then went and spent more money than they had coming in on transfers in January, thus breaching the letter of the FFP law, while we complied. They muist be punished"
Hopefully, for us there is. I wonder though. Because the clause you highlighted is specific to "exceptional bad debt" (bad debt being money owed to Villa, but throuhg unforseen circumstances no t getting paid to us - like if the sponsor went bust and didn't meet their contractual payments, for example). General being a "reckless money arse" might be a stretch too far, but like you say, let's hope.