How can you factor out tv revenues? That's what makes some clubs exceedingly wealthy, and some clubs poor. And income determines size, to an overwhelming degree.I think probably, if you factor out the broadcast rights by assuming everyone is in the Premier league, we are in group where we would be slightly richer than Wolves but poorer than, say, Sunderland. If you look at clubs like Leicester, we would have a slightly higher income potential than them. At any time, some teams are over-performing and some under-performing. We are definitely a club that would need to over-perform just to stay mid-table and we would be at risk of relegation from a single bad season.
We have under-performed for most seasons since we got relegated under Southgate and that is definitely a marker of a poorly run club. Hopefully that's changing. If we were performing to our average we would probably be spending 2 years in the Prem for every one in the Champ.
Brighton, Brentford, and Fulham are bigger than Sunderland and Bolton, although the latter two have won much more historically.