Hi Clapham.
Burnley have done exceptionally well this season but are something of an exception.
I believe that the club in pretty good shape when they were relegated so the turnover of players was pretty seemless and good quality. Kompany has been superb, it will be tough finding anyone near that good.
The 'Magic formula' will be to throw money at the team, bringing in players, possibly short term, to get us immediate promotion. That would be a possibility and may work but would simply put us back into a league where we do not have the structure, the staff or the players to sustain.
Trying to buy our way to the upper reaches of the Prem will always be difficult, the BCCs in London and the north west will always get the best picks and can pay more wages. We need to return to the model of bringing in young, developing players, improve them and selling them on when we have to.
We might find some good players and the occasional gem, maybe a decent 'crop' resulting in a really good season or two.