I think there was a big 4. This was created out of the Chavs and Liverpool encroaching on territory that we and Manure dominated prior to 2003/4. Almost as soon as it came into existance, however, we were on the slide. And Liverpool have traded places with citeh over the past couple of years.
Ironic really that our decline came as a direct result of the measures we took to remain a top team in the long run.
But where we are now is that we are not in the top tier in this league, and IMO if we expect to be signing players of the calibre of the best players in the top 3 this Summer, we will be disappointed.
That's not being pessimistic. Its being realistic. Taking an overall look at the situation with a little distance between us and our shameful collapse the sad thing is that of all the teams in the league, possibly in Europe, we made the best effort to try to remain properly competetive by an alternative method than simply buying success...and failed. Whether in the future we will have our own means of spending big enough to achieve success is another matter.