As others have said. I’d take 4th and a cl final over 2nd in prem all day long. What we really need to do though is start buying so we can challenge on more than one front.
No PL club has yet made a real attempt to secure all 4 major trophies. City came closest a couple of times but bombed out of CL last 16 stage and this year couldn't keep a whole squad together to beat Wigan in FA Cup. It is nigh on impossible these days as footballers are athletes and even at lower levels players are fit enough on a good day to take down a big team if they are under strength.
CL is by far the biggest prize and although PL is what we all want we may have to accept that the way teams operate we may have to wait a bit longer or sacrifice a CL campaign or two to land it. At the moment this team is clearly geared up for CL and that is what top players want to be competing in.
