Yes. Brentford, Brighton, Bournemouth wolves and Fulham all show it can be done.
I agree with your sentiment.
But looking at those teams and their owners:
Brentford - a very unique model that leverages data in a way they could not ordinarily afford, were it not for their owner’s business.
Brighton - Philanthropic fan investor who has spent hundreds of millions creating the club from stadium, to owning a club in Belgium that actually works for them and an extensive scouting strategy of South America.
Bournemouth - heavily financed by Maxim Demin and then taken over by an American, Bill Foley with an estimated net worth of $1.6bn, and who also owns other sports clubs worldwide. Also, despite their shit tinpot ground, situated in a very nice part of UK where many would like to live.
Wolves - Easy to forget how they got us by being the first team to really spend unheard of sums in the Championship. Owned by Fosun, a Chinese conglomerate with around $126bn worth of assets. Now being forced to tighten their belts to remain within FFP, such has been the historical spending; something we could only dream of having to contend with. That said we were unfortunate not to get something from them.
Fulham - owned by Rashid Khan who also owns the Jacksonville Jaguars and All Elite Wrestling. Worth about $12.1bn.
Sheffield United - owned by former Bog roll salesman Prince Abdullah, reluctantly thrust in as full owner as his former business partner tried to shove him aside completely. Also known for owning 2 European clubs, Beerschot and formerly Châteauroux who lead similar hand-to-mouth existences and 2 teams in India and UAE for which nobody quite sees the point of them. So far has tried to offload us twice, each time to someone perused by the US authorities.
My challenge to you. Spot the odd one out!