If you read the above article it shows that basically where we are is a club is about right. Most of our income is tv money and financially we are a lower mid table premier league club.
We don’t buy the best players because we can’t afford them and ultimately SP is running the club within its means.

If you avoid relegation you are established . Establishment only ever lasts until you get relegated. Ask Stoke, they were a fixture for a while. Villa, were once established in many people’s eyes. Only the mega wealthy can claim to be safely established long term.

Edited by Putitout (07 Aug 2020 2.24pm)

Edited by Putitout (07 Aug 2020 2.30pm)

Either you haven't been keeping up or you have very little grasp of finances. Can I interest you in a loan?

Let's not argue over the definition of established. It's pretty clear from the OP that what he is looking for is reasons why, after an extended period in the PL, we have not grown as a club. This topic has been discussed many times before and its not an easy one to answer.

As others have pointed out, it's not just staying in the PL that is an indicator of growth, I would argue that in 7 years we should by now, have better training/academy facilities sorted, a proper scouting network that brings in players who we can turn at a profit and most importantly we should be a lot further down the road with the ground improvements.

I appreciate that some of these matters are being attended to albeit slowly, however we are still not the attraction we should be given we are the only PL team in South London. We should have schools and colleges on a short leash for talent in the south London Boroughs, Kent and East Surrey but we inevitably lose out as many turn us down, probably because they consider us unfashionable.

Good point. I live just down the road from Ashton Gate in Bristol and their stadium has probably had more renovation over the period we have been in the PL than Selhurst. Clearly we have overspent on player's wages, as that can be the only reason why we have struggled in the transfer market and to not grow the stadium facilities.

“ [T]here are known knowns; there are things we know that we know.There are known unknowns; that is to say there are things that, we now know we don't know.But there are also unknown unknowns – there are things we do not know we don't know. ”
—United States Secretary of Defense, Donald Rumsfeld

Football isn’t ‘most businesses’ .
Outside of football a wage to turnover ratio of more than 50% is unusual. There are though a few football clubs that have a lowing wages to turnover ratio, Spurs are 38%.