The club isn't dead. We are absolutely struggling, we are in a terrible state with no obvious escape and we have owners who couldn't care what league we are in as long as income > expenditure.
It will never die on fan attendance alone, we might get relegated but there will always be a core who go no matter what, therefore we will reach an equilibrium where ticket sales > player sales and we plod along in whatever league that might be, until a miracle happens.
In fairness we were in dire straits last season yet it was in the background as we had on field success. We get that again and somehow sneak a play off or promotion and suddenly things look different.
Seasons like last are why there's hope. It's a slither, but it's there.