The defeat by Oldham was predictable after such a towering display at Highbury but it still leaves us long-suffering Blues without any silverware of note for three decades.
It’s quite ironic, actually, that Elvis died only a year after City's last Cup triumph - the League Cup in 1976. However, it isn’t all bad at the Blue Camp. In fact, things are looking up if we put everything into perspective.
At the time of writing, we lie ninth in one of the best leagues in the world, are the third best supported club in the land in terms of average attendances and we have a flourishing youth policy.
We have the best right-winger in the country in our team, lie top of the reserve league courtesy of our talented youngsters and are about to get a cash injection from the now inevitable sale of Nicolas Anelka.
And, if he went to Fenerbache, as is rumoured, it should be a case of Turkish delight for everyone at the club.
Granted, Anelka is one of the best strikers ever to pull on the Blue jersey but we need team players and he is far from that at the moment. However, I think the sale of Anelka would leave us short up front.
Fowler is turning in some much-improved displays but Macken doesn’t look the part long-term. Bradley Wright-Phillips looks promising and deserves a run in the first team but we need to bring someone else in.
However, I would be loathe to spend all the Anelka kitty at once. I would leave the team as it is and only sign someone when the right player comes along; giving the kids a chance in the meantime.
That way, we can buy quality when it comes knocking on our door. Daniel van Buyten being the case in point. Players like Marlon Harewood - who we are rumoured to fancy for £3m - are no better than what we have at the club and represent as much value for money as an Italian goalkeeper with dodgy studs (Massimo Taibi), a Czech international winger with a perm and a girl's name (Karol Poborsky) and a night at the ‘Theatre of Ice Creams’.
Let’s give Onuoha, Jordan, BWP, McCarthy, Croft, Flood and Ireland the chance they deserve. They could form the spine of a very successful team in the future - hopefully alongside other Academy products Shaun Wright-Phillips and Joey Barton.