To be fair, we've sold our widely acknowledged best player. Then our main striker with the other soon to follow. Then our only keeper with experience, assuming Begovic also leaves which most do. We've also released three club stalwarts.
There's nobody come in (yet). Our strike force has next to no goals at senior level. Our main creative force has missed most of two of the last three seasons. We may think we have lots of great youngsters but the problem with that is youngsters sometimes wilt in the furnace of matches that matter.
We can look at out squad with our in depth knowledge of the players and think it still looks good. To an outsider, we've lost lots of quality and only have kids to replace it and have, so far, not looked like we're buying in any top notch Championship players.
So I can completely understand why an outsider may consider us midtable fare. Let's be honest, if the kids aren't alright then we will be.