Following Derby since the mid 80s I think I can literally remember one season in all that time where we weren't involved in either a promotion race or a relegation dogfight!
I think, regarding Gadsby and his spending, the only time he borrowed heavily was in the summer prior to the Premier League campaign, but that was leveraged against the guaranteed TV monies, hence not really that problematic, or risky at least.
I think it's definitely a case of better the devil you know, and at the moment, I don't think anyone's quite sure what the score is with our current owners. They have more money than some small countries but they won't invest on the pitch? I'm at a loss as to just how they expect to get us into the Premier League on that footing.