I would never bet against the club (just a personal thing), but if someone asked me objectively whether that is a good bet (presuming it is 66/1), I would have to say it is worth a punt.
I’m not convinced that spending money (if it is there) will automatically solve the problem. Spending in January is always risky and loses a sober approach to the transfer market. We might be fine, but I think it ‘a going to be close hence a battle.