At the risk of repeating myself, if they at least make some signings they maintain fan interest (or not lose as much of it), and get better attendance and viewership. They would also show the fans that they care about giving us some value for our entertainment dollar (aren't they raising prices?). Right now, management is reviled in the city. They need to do some PR work.
I am not sure why you keep giving Rogers a pass. They have to be one of the richest owners in the league. I looked it up. Rogers is worth over $30B, revenues of $14B and profits of around $1.5B annually. The richest owner in MLB is in Frisco. He is worth $6B. Steinbrenner is worth over $3B and the Boston owner about $2.5B.
Your argument makes no sense at all. The Jays have incredibly deep pockets and the WHOLE country is their market. They should run roughshod over the other teams with their financial resources. And as far as the shareholders, I believe that they were much happier when AA spent money, the team was good and the stadium was packed like it was 1992 and people couldn't wait for the telecasts to begin.
So please, give up this narrative of yours that Rogers can't spend money. It is hogwash. They might not want to, but they sure as hell can. Not doing so means that they don't give a shit about the fans and hopefully, if they maintain this approach, they will lose a few hundred thousand more in attendance and decreased viewership. Shareholders, indeed.