I can't agree with this. Even with parachute payments we lose £60m in broadcast revenue straight away. Also, we sold Maddison and Barnes at half their true value imo due to relegation.
Yes, we needed a refresh, but I don't see any benefit in going down to The Championship to do it. If we were still a PL team we would have more money to spend and be able to get PL players. If we do go up, we will have to spend big to get PL quality players anyway. In other words, we may have to buy twice in some cases. We threw away ten years of growth in that shambolic last season. If we go up again, we start again, from scratch, at the bottom of the pile.
One thing I can't really understand is how we were bottom of the net spend table over the previous five years for clubs that had spent all five years in The PL. I know we paid big wages, but how come we were so skint if our net spend was so low?