Sadly this is where our problems started.
When we were in the prem we had a small minded div 4 board of directors. Their attitude was , Wow never thought I would live to see this so let's just enjoy it whilst we are here.
There was no attempt to try and sell the club or attract investment, it was a bunch of old men with no foresight. When we did eventually get relegated our then board were just celebrating the fact we had 3 glorious years in the prem. The first thing they did after relegation was to clear out anyone earning more than £500 week.
Inevitably another relegation followed and the rest is history.
Look at the teams that finished below us when we won the old div2.
WHU, Newcastle, Leeds, Southampton, Wolves to name just a few and look where most of these are now. Also look at the stadiums they are playing in and the investments ploughed in.
I know their fan bases are much bigger than ours etc but teams like Burnley & Bournemouth have proved this doesn't need to be an obstacle.
I know people slam the likes of Moore's, Corney and now AL but it all started with a group of very small minded business men who made one very lucky decision ( based on taking a cheap option ) by appointing Joe Royle.
We can only prey that sometime in the future whoever the owner is makes the same very lucky decision we did back in the 80s.