Primarily the merging of boundaries in company law and common parlance to fictitiously allow a football club to be "saved out of administration" by means of not agreeing a CVA (Creditors Voluntary Agreement) and thereafter liquidation. The Clumpany is formed out of a deep fear of facing reality that your football club is dead and a new Holding Company (HoldingCo) emerges having purchased the assets (NOT THE CLUB)
The Clumpany has become popular method of breaching all Insolvency Laws, Football Association Rules, Articles of Association and offering the brass neck (see Sevconium) to stiff creditors claiming a continuation of the previous football business.
The heart-breaking sadness and compassion that you feel for a person when they are completely, and undeservedly let down or disappointed for no meaningful or significant reason.
(Credit goes to Tim Urban, writer of waitbutwhy.com)
The amount of clueyness that I felt for "Papaw" when his grandchildren didn't showalmost made me cry.