How important is the Europa League to the club's future?

It's always been imperative, anyone rejecting the notion is burying their head in the sand.

Failure to get CL football will result in more cuts until we're self sufficient, meaning the quality of the playing squad will suffer also, unless we hit the jackpot with an influx of talented youngsters from the youth squads.
 
About 40m TV money, another 40m on ticket, plus whatever penalty / incentive from sponsors. I think we will be 100m short without Europa.