Its not a misunderstanding.
Draegan only set up the site to make a profit.
When his dreams of being e-rich running a giant MMORPG megawebsite came crashing into the brick of reality called "The MMO genre is dead, Jim", he started looking for a way out.
Its been obvious for a long time.
When I was mod, I read the entire private moderation thread and he explicitly said at one point he was going to shut the forum down in that thread. That was over a year ago.
Instead of doing that, he decided to sell it to Craig McGregor of MMORPG.com fame instead of one of the numerous long standing community members that would have been willing to do so.
This is 100% betrayal by him.