You talk a lot of sense and using the term "we" are obviously a Leicester supporter ?
I am Leicester supporter 'born & bred' however I moved away 10 years ago.
What the 'Foxes' have achieved in the last 5 years or so as been outstanding and I agree this has raised long term expectations which is going
to create problems whenever there is a 'dip in form' either short term or long. Realistically, I hope they can become a regular top half of the table team with 'forays' in and around the top 6 in a good year.
The question of raised expectations and managing those is difficult for every club especially when one considers how unrealistic many fans are in their view of where their club should be.
I've long been a believer that every fan deserves a moment in the sun. As a Blackburn Rovers season ticket holder I understand exactly how Leicester fans will be enjoying the last 4-5 seasons.
At Rovers we had our moment in the sun and enjoyed every kick, is it or was it sustainable? A very difficult question to answer even if one puts aside the disastrous impact of Venkys ownership.
The harsh reality at Ewood is the fan base has always been 8-10000 with large numbers who will turnout in the good times but quickly disappear in the bad. Without television money such crowds make a club unsustainable in modern football.
If Venkys hadn't arrived could we have stayed in the PL? I'm not sure as the cost of doing so is enormous even with TV support. I would be delighted to see Rovers return to mid-table in the PL but I'm not sure we have a right to expect this though I know many younger fans who view the PL as our rightful place. Realistically for a club of Rovers size in modern football achieving promotion to and staying in the PL is the height of our ambitions.
I don't know anything of Leicester's finances but hope the club is being managed in a sustainable manner as a large part of your support probably now see the PL as your rightful spot. No harm in that but very difficult for a club to achieve and manage in the modern game.
If your board understand the club they will know the level of support the club can count on and what needs to happen to keep that core happy. Long may it continue.