I quit shortly into NG tenure -- I imagine many -- if not the majority of the people here did the same, so the idea that NG running the game into the ground for the past decade and a half having a positive outcome isn't one I buy.
Correct me if my memory serves me wrongly, but NG outbid Stephen -- and presumably other bidders. They paid more for the game than it was worth at the time, and then failed to invest anything into the growth of the game and IP. They missed multiple opportunities to grow/evolve as modern technologies and trends came about, from what I can tell, mostly because they didn't have the technical know-how to accomplish anything.
Over the years they have received multiple offers to buy the game from them -- from people and organizations much better able to run the game. They refused, for reasons I can't possibly guess.
Maybe if someone else was running the game 10 years ago -- as technology became available we'd have seen an in-browser version of the game, 5 years ago maybe we'd have seen integration with facebook, and a whole new market open up -- and the game grow to levels not seen even in it's late 90s youth. Shortly afterward maybe The Realm would have participated in the retro/indie game resurgence on steam, maybe we'd have seen a mobile version on tablets and smart phones. And now that Sony and Microsoft have finally backed off their ban on cross platform multi-player, maybe we'd even see realm available in the console stores.