Make no mistake, relegation would be an absolute disaster for us. We're in a precarious financial position and are in the middle of building a new stadium which is completely reliant on us being in the PL. We would be in severe danger of going under in the not too distant future.I do have some worries that we would get stuck down there but it all depends on who the manager/playing staff is tbh. We need a completely different approach to things at the moment as a club, hopefully Frank is the guy to do that but I fear the damage may have already been done. Also I'm really not sure how much we are seen as giant of the game anymore, we have done nothing for years and not been especially well run off the field either during that time, I see us as just another mid table meh club these days, its a shame as we should be a lot more.
You're right that we're not what we once were, and the only thing that separates us from many other clubs is our longstanding status as a top flight club. Take that away and we have nothing. We already find it difficult to get new generations of fans with that lot being as successful as they are, relegation would make us a complete non entity in our own city. It would be catastrophic.
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