Martin Samuel called it an existential threat which I understand to mean a concrete threat to existence. I remember on here a thread 'is their an agenda' against City. Some people really believed there wasn't.
Our rivals want to destroy us. Not beat us, not compete with us, destroy us. That the governing bodies are complicit or at least supportive, as are most of the media, means it is not enough 'to be above approach'. Over the next five years we will need to be better in every aspect than they are. We cannot let these bastards grind us down.