Interesting they have lowered expectations to fans by saying it could take years to get back to the PL. It takes the pressure off everyone at the club. Contrast that with the apparent desperation of our club and fans to get back in the first season and the resultant pressure on the manager - as well as pressure on the finances trying to maintain an expensive squad that first season.
The parachute payments were what fuelled that pressure, but if we had saved some of that money, rather than go all out to get promoted - we could have rebuilt earlier. The gamble, I suppose, was fair - we scored a heck of a lot of goals that season and could have got promoted had the defence stood up - but in hindsight, the rebuild could have started in that first season back down - as Swansea are doing.
Swings and roundabouts I suppose, but we seem to be on the right track now.