Now the dust has settled (a bit) on the whole 'cheating cockney bastards' thing, The Late Flag takes a look at what's next for the three relegated clubs from the Premiership. With the Premier League TV revenue increase far outstripping that of the Championship, there's never been a worse time to be outside the top 20. Who will be most hurt by relegation, and how will each club fare next season?
Sheffield United
A lot will depend on who's in charge at Bramall Lane next season, amidst rumours Bryan Robson is about to be appointed. Whilst Robson has experience of getting clubs promoted to the Premiership, his record at keeping them there hasn't been fantastic. He undoubtedly creates a good team spirit at a club, but has been the subject of several reports of alcohol abuse and poor in-squad discipline. So whilst his players would be up for it, how professional are his methods, and could this cost one of his sides over a long hard season in a straight fight against better prepared squads? All this will of course be academic, should someone else take over, although this seems unlikely.
United have spent relatively freely this season, although haven't jeopardised their long term future by over-spending in the hope of staying up. Money was spent that has clearly improved the squad, and players like Nade, Stead and Kilgallon should serve them well in the Championship. Of the three to go down, the Blades also have the highest attendances, and shouldn't be overly concerned about money issues over the next season or two. In that sense then, a failure to come up next year wouldn't be a total disaster for United, but I'd expect that to prompt an exodus of top players such as Tonge, Jagielka and Kenny.
Whilst these players have been linked with moves already, I can't see that the club is in any real need to sell, and the players concerned will probably be fairly happy to stay till January, to assess whether promotion is likely. If United are struggling then, I think that's when the likes of Jagielka will be slapping in the transfer requests. By the way, I'm convinced rumours of Liverpool's interest in him are complete bo****ks.
One area of worry for me would be their Chief Executive's pledge that plans for next season are "totally on hold for the next four weeks" pending the outcome of the West Ham legal saga. Bearing in mind that's unlikely to bring success, I see this as wasted time that United should be spending building for promotion. But, as Roy Keane has shown promotion can be obtained with absolutely no pre-season planning, I'd still expect United to finish at least top four next season. I can't really be more precise than that without knowing who'll be in charge. Even with Robson and his "team bonding" sessions down the local, they'll be there or thereabouts.
Charlton

Determined to come straight back up, and in reality they won't have a better chance. Darrent Bent will leave for big money, so no real financial worries for the Addicks, and there's unlikely to be a mass exodus simply because no f***er wants their players. The money they see for Bent, and the ex-Premiership players staying in their ranks mean they'll have a real chance next season.
Should they fail of course, then they're really in the s**t. Next summer they won't be able to rely on a £10m cash injection courtesy of West Ham or Spurs, and the prospect of another year in the Championship would really see a dismantling of the squad. Check how many Norwich players you've heard of to see an example of this.
Norwich really are the example of what Charlton could become - a fairly big Championship side with no hope of gaining promotion in the next three years - should they fail to come up at the first attempt. Alan Pardew was on the verge of being sacked at West Ham before sneaking into the playoffs, so it'll be interesting to see how he deals with the challenge of taking another club to promotion.
A lot then depends on how they spend the money from Bent's sale, rumours of Romany Gypsy Freddie Eastwood coming along in his caravan are refusing to go away, and he's certainly proved he can score goals at that level. Luke Young will also need to be replaced, but again they'll probably see good money for him. I think they'll have a squad that can make a real go of the Championship though, and like Sheffield United are unlikey to see wholesale departures unless things look bleak in January.
Of the three to go down, Charlton are the ones that NEED to come straight back up the most. Not because of immediate financial pressures, but because those financial pressures will be looming on the horizon should they fail. They also have the squad most filled with players who'd expect to be in the Premiership, and so will see players targetted by bottom six Premiership clubs if not in the January promotion-mix. They'll either be a West Brom or a Norwich, and if I had to bet, I'd say Norwich. I can see a steady but unspectacular season next year, with a definate top ten finish. Whether that'll mean a playoff place is key to Charlton's medium-term future.
Watford

"Take the money and run". That's how I'd describe Watford's approach to competing in the Premiership. Desperately in need of cash when they came up, Watford hardly spent any of the TV bonanza they recieved for the achievement, and continued that policy even after selling Ashley Young.
Probably only Marlon King would see any real interest from other clubs, although given he's just signed a new contract I can't see any sort of player exodus at all. Waford will keep their current squad by and large, and that's why they won't come back up.
King will get goals in the Championship, and players like Priskin, Bouazza and De Merit suggest a reasonable future at Vicarage Road. On the other hand, the Championship has gotten a hell of a lot better since Watford were last in it. One of Derby and West Brom will be there, as will the likes of Southampton, Wolves and Preston, not to mention Sheffield United and Charlton, both of whom finished comfortably above Watford this season. Were there to be a radical Sunderland-style staff turnover, you could maybe see Watford doing something, armed as they are with all their intact Premiership cash.
But I see Watford continuing their 'play it safe' strategy, and they won't be outspending everyone in the division this summer. They'll have looked on promotion as a bonus, and will use the cash to safeguard their financial future for the next five years or so. Ideally they'd be hoping to make the playoffs, but I really can't see them causing many problems for the teams at the top next season. They have a team of Championship players, but not many of them would get in Wolves' side, or Southampton's.
Anything is possible with a good run, but after a season of getting beat 4-0 every week, it'll be hard for those same players to suddenly start battering teams left right & centre. Watford shouldn't struggle - their whole squad is full of good players at that level and Boothroyd always gets 100% out of them - but they won't be challenging the automatic promotion spots. Playoffs at best for the Hornets.
Sorry Elton.