If we do stay up, recruitment and retention is going to be difficult in the summer (which includes, potentially, a new manager). How do you persuade ambitious players and managers to join (stay at) the club that's just burned through four managers in a season? Even if you take the view that all those appointments made sense at the time and all the sackings were necessary, it still indicates a club that doesn't know what the fuck it's doing and can't stick anything through.
People are still talking about Silva in the summer. Obviously we're a bigger club than Fulham and probably would pay him a bit more but he's been there for five years, it would make no sense for him to join a club where he'll be out on his ear if he has five bad games.
Ironically, in the championship, the reputational thing is probably less of a problem as cash will override it. Although the need to replace virtually the entire first team squad will be a challenge.