On the debate whether it is better to stay in the Championship or go up to the EPL, I can understand the argument that to stay in the second tier you see a more competitive games.
However the posters that say they wouldn't mind being a yoyo team, I feel this should be the way to build a good team over say 4 or 5 season, and if managed correctly should be able to do it without getting into debt, and using the extra revenue generated by being in the EPL. With parachute payments, and what should be left over from any season in the EPL, should be enough to get together a reasonably good squad.