There was a lot less money floating around the game then, though, so a well run club with fairly limited resources had a chance of competing at the sharp end. These days, with TV money, huge sponsorship deals and mega-rich foreign investors there's little chance of a club in our current situation getting anywhere near the Premiership let alone top half Championship.
Yes, you're quite right.
But there are still Clubs that stand out these days, achieving consistently beyond their expenditure; Burnley, Leicester, Wycombe. Barnsley, Morecombe, Accrington, to name a few.
And those that under perform relative to attendances and expenditure; Bradford and Sunderland are the big stand outs on that list.
Considered only as a business, there is probably an optimum league position for profitability, and we have probably reached that where we are in League 1; high income from big attendances, relatively lower salaries and other expenditure.
Certainly, on a business only model, the attractions of the Championship are limited, bearing in mind that very few Championship clubs are profitable.
There's certainly going to be a challenge moving to the next level.
Would certainly require an increased budget and consistent over achievement from our players, productive additional income streams and tactical knowledge and application on the pitch.
We have everything in place to achieve this apart from addition non football income.
And, it's this that now dictates that we are 'not ready' for the top of the league or thoughts of promotion.
The hope is that heads of key individuals are not turned before we have these final pieces of the jigsaw in place.