Kind of, yes.
For example, I'd say of our current squad. excluding those on loan, we have - at best - 12 who could be in a PL squad, but most of those probably aren't really good enough to make it into a starting XI.
So we'd need at least a dozen close-season signings, some of which don't need to cost a fee, but they'd have to be of the required quality which means signing from other clubs in Europe.
Until we have a DoF with a team that really understands where the value is then we have little chance of survival. We can only hope to at least be competitive and try building cleverly as I assume there isn't going to be £150m to throw around in the summer, plus the wages that would be needed to persuade enough players with a high enough profile already.
The alternative is to stay in the Championship long enough to run out of money or be restricted by FFP regulations (whichever is the sooner) and go the way of Stoke or Swansea, who probably thought themselves established PL clubs not so very long ago.
Not a pretty picture. So I hope for promotion and then I may speak to Trailfinders about whether there are any 6-month journeys I can take where I can't get TV or internet access.