Hardly. This is a club so far down in the various divisions that I'm not certain it ranks as even semi-pro.
It's a way for him to be involved in footie, since his rather extensive stint on the SU board came to an ignominious end. Cheaper than buying into a top tier club, too (I expect).
Good for him. A small club can do a lot with a little capital and he can feel like he's really making a difference.