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Recently we had 2 CVEs in the knative/serving component which led us to update it to a newer version that would require k8s dependencies to be bumped to 0.27.x., but it is incompatible with controller-runtime 0.14.x.
For this reason, to be able to update the knative/serving to a newer version we had to pin down the k8s version to 0.26.x.
There are two vulnerabilities that are fixed by bumping Knative to 0.39.3:
- CVE: PR chore: Update indirect dependency to knative.dev/serving v0.37.5 #468
 - https://security.snyk.io/vuln/SNYK-GOLANG-KNATIVEDEVSERVINGPKGAUTOSCALERMETRICS-6091906
 
To property update it, we would need, first, address #481 to not need to pin the k8s version, once it is updated, we can revert the replace tag changes and start using k8s 0.27.x
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