The board did some things right, some things wrong. Unfortunately for clubs of our size two or three wrong decisions can result in disaster. And these wrong decisions are inevitable at some point; it's just the way it is.
How many medium-sized clubs stay in that 7th-10th zone for a sizeable length of time? Only Everton.
Even bigger clubs like Newcastle, Leeds, Villa struggle to get there, let alone stay there.
All we have learned, let's face it, is just how hard it is to survive in the top 8. As the 'best of the rest', your players and managers get taken, and its an impossible task to keep replacing them adequately.
The most supporters like us can hope for, is that the club manage to win a cup whilst in a good spell, like Pompey, Wigan and Swansea have done in the last 10 years.