The last academy I worked in had a head teacher who was an executive in the academy and had never been a head or even a deputy. She was completely out of her depth and there for a very short time.
The reason for many LA schools being in financial difficulties is that the money coming from he LA is reduced year on year.
As a governor, I KNOW that there is financial acumen amongst the governing body and the business manager. In fact, there is a conscious effort to recruit a mix of skills to the GB and financial and business sense is key.
The primary reason for a school is as a learning establishment. Whilst acknowledging that the books must balance, the duty is to the children and their parents and other stakeholders.
I'm not really bothers that you say you don't accept my opinion on the educational focus in academies. Years and years of experience as a class teacher, advisory teacher, assistant head teacher tells me otherwise.