That's the impression I got as well, and it is about the bottom.
Missing out on a top 4 finish or a European Cup place is tough, but you can walk away with a shrug and look forward to the next season. Getting relegated can be catastrophic for the club financially and players in terms of international recognition.
On the other hand missing out on promotion can be just as bad.
A tough decision which has the potential to end up in the courts either way.