I've been saying it for years. McCabe DID NOT back Warnock with an high enough wage bill in The Premiership.
Sure, he gave him a bit of a transfer kitty to spend but he had to gamble only on players who would fit into a Championship pay structure.
Inevitably, some of the gambles paid off (Hulse, CKR, Stead) and some didn't (Davis, Shelton, Leigertwood).
If he'd been allowed to maintain the wage bill at 67% instead of only 57% of turnover, it would have made a massive difference in the quality of players he could attract.
Instead, McCabe competed in the Premiership on a shoestring budget and then splashed out for the benefit of Robson when it was too late.
Robson was allowed to attract higher-paid players but many of them were over the hill, for short-term benefit and with no resale value (Speed, Ehiogu, Hendrie)
The players Warnock has signed for QPR with an increased budget are solid, proven Premiership players with a few good years left in them yet.
They're very likely to keep QPR up this season and it could have been us if only McCabe had loosened the purse-strings one year earlier.