I didn't see yesterday's game (sounds like I was lucky), but I recall in the past when Jordan took over we were dreadful until he'd had a chance to build his own team. Then we sauntered to promotion.
I'm not saying that the same thing will happen under Pearson, but it's clear we are (pardon the pun) hamstrung by high wages for players who aren't performing (Wells, Palmer most obviously). They probably need to be shipped out, although how we achieve that in the current market is a major issue.
That will give us the financial headroom to start improving the squad. I'm not convinced that Pearson's "old boys" approach (James, King, Simpson) has been a positive, however, so it needs to be more imaginative.
Oh, and anyone blaming the owner - get a grip.