I've said it before, but when he first came in, all the way up until roughly the mid-2010s, Levy had some genuinely ground-breaking ideas and an eye for talent. He was one of the first to bring the Director of Football model to English football, only for his pick, Arnesen, to be stolen by Chelsea. He persisted and brought in Comolli, who despite his flaws brought us players like Modric and Bale (and eventually went to Liverpool). He brought Michael Edwards to the club, who revolutionized our scouting and then eventually went to Liverpool. Even appointments like Alex Inglethorpe and John McDermott - they helped revolutionize our moribund youth system, and were rewarded with better jobs at Liverpool and the FA respectively.
The problem is, he never saw the problem being highlighted here - he brought in great people, but they were poached by clubs with more ambition than us (Chelsea, Liverpool) or just a better pay packet (FA). And to keep our progress going, he needed to keep replacing them with equally talented people - which, after the mid-2010s, dropped off as he picked numerous duds like Steve 'I hate January' Hitchen to lead player recruitment, and now this Lange and Munn duo (though they haven't had much time, it isn't looking promising so far).
His model imposed a hard ceiling on us - we would not compete with the ambitious clubs on wages and fees, so we had to compete by being better than them in our structure. But to do that, every appointment had to be right - eventually, they weren't, and we suffered for it. But he never changed his ways.
That's probably the most balanced thing you have ever written.
Levy won't change his ways, he won't "risk" beyond what he thinks is manageable for the club, (and in fairness), Lewis never gave an alternative. He will strive to make the business more successful, and part of that is to increase the funds the model can provide (and yes, that still won't be fully competitive with clubs that simply don't follow rules or any sensible business model).
So the question is (and always will be), what next?
- There doesn't seem to be a line of buyers for the club?
- ENIC clearly is exploring the additional investors route, will that be enough?
When we get it right (your point above, of we need to get it all right), we show how close we can get (and part of that is the other structure around), but we continue to operate in a world where we are playing with different rules.
Until there is a buyer, this is our reality, hope that Munn/Lange/Ange/squad refresh get us back to Poch era output, perhaps with a bonus cup.
Otherwise, we are the same as Everton/Villa/whoever complaining about not challenging for title