A few people here have hit the nail on the head.
Yes, we're 'too big' to fail in League One on paper. I think the same case could have been - and was - made about us in the championship this time last year though. Every time we drip down a division it requires the leadership to come up with a plan that gets us out of there. It means building a squad, adjusting the business side accordingly, and ensuring that the club makes reasonable investments in players without compromising the long term future.
You can probably see where I'm going with this...
Our problem is that Bain and whoever else is making decisions (I'll give CC a pass because he hasn't been given a single penny to spend and lost his best player) have proven themselves unable to build a premier league squad, then unable to build a championship squad, and now we're going to have to apparently find out whether against all odds, they'll be able to get right building a League One squad. This is despite to my knowledge not having a single person in the club with substantial knowledge of the division.
About the best hope we have is that while we got relegated with a pretty poor championship team last year (as evidenced by our plight) the gulf in quality is so big that spending 1-2m may genuinely be able to secure us a big enough advantage to get out of it. I'm seriously worried though, that quite how that money would be spent is another potential x factor that could see us in mid-table of league one by this point next year, with no more substantial parachute money and effectively a choice between continuing as a 'big club' in terms of the AOL, SOL, infrastructure, staff etc, or being forced to quickly become another league one club.
My starkest worry is that even not getting promoted next season would likely herald the end of the club as many of us have known it for the last 20 years, and for at least a decade to come. We simply cant get this one wrong.