Yet spending big can generate success, and there are examples where this method of quick promotion has worked.
Aston Villa's attempt at this strategy did not involve transfers of Champions League standard players like Wolves, but instead spent fortunes on older proven Premier League players. This model can work, and it very nearly did, with Villa only falling short in the play off final, but when it doesn't has grave financial implications.
After two seasons of failed promotion attempts the midlands club are now in danger of financial ruin. The few assets they have need to be sold to avoid financial fair play complications leaving the club back at square one, with the necessity to once again build an entirely new squad, but this time on a shoestring budget.
Had Wolves failed to win promotion they would have been in a similar financial situation to Aston Villa, but unlike Villa their squad would have considerably more resale value. The likes of Mile Jedinak, Glenn Whelan and Ahmed Elmohamady are all on high wages at Villa, but are not players other clubs will look to add to their squad given there age. As a result, Aston Villa are presented with no easy fix for their financial situation.
Villa are exemplary of why a club should look to develop a young squad under a manager with an obvious plan voluntarily, not until forced to do so by financial regulations. Villa are now forced to do so just as numerous others have been in the past.
Clubs should try to replicate the model Bournemouth have followed. The Cherries built both a successful promotion campaign and gained a foothold in the Premier League on a small budget, but under one specific philosophy and manager.
Fulham likewise achieved promotion by building a squad with a given philosophy, but were again forced to do so after buying success failed, while
An immediate rebuilding process following relegation often means numerous seasons in the Championship, but building a young squad with a specific philosophy
Ironically the quick fix is often slower.