It is a rags to riches story, Man City, regardless of previous history, were a basket case of a club. You can see, even now, how much they thank Paul Dickov for that equaliser. They were in a hell of a mess, who knows what would have become of them had they not prevailed against Gillingham.
Do you regard the likes of Bournemouth, Brentford etc as Premier League clubs? Or as lower division clubs because their history tells you that. I’d say clubs are described as a whatever division club they are in at that particular time. Did you regard us as 2nd tier club when we were resident in the third and fourth tiers because our history suggested we were? Nah, we were fourth division and deservedly so.