I think we need to take the pragmatic view here.
Our ex players are professional sportsmen. We, as fans of the now defunct club, definitely have emotional views on where would like them to play or not to play. They have families and mortgages to pay, plus probably upheavals from the West Midlands.
They need income from whatever club they will now play for.
We do not know what the future is for a 'phoenix' to rise from the ashes. We cling onto hope, however small that may be.
Expect the worst and be delighted if it does not happen.