Hmmm not sure about that re: spending. It's quite public that Man City really wanted both Maguire and Sanchez for example, but could not match the money ManU put forward.
Sounds crazy but seems like that was actually the case. Not sure if it were due to FFP (lol) or Man City simply refusing to go any higher, but ManU did win those two financial battles.
We've been throwing money around, just at the wrong players (Di Maria, Falcao, Sanchez, Lukaku, Mkhitaryan etc etc etc). OGS seems to be fixing this, Maguire, AWB and Fernandes have all improved us significantly. James is a work in progress, which we knew when we signed him from the Championship. Hard to have too many qualms about his transfer work so far unless you're going out of your way to be unhappy.