Firstly, we weren't the best because we spent a lot, we just had SAF. Look at the transfer windows through the PL years*:
| 93 | 94 | 95 | 96 | 97 | 98 | 99 | 00 | 01 | 02 | 03 | 04 | 05 | 06 | 07 | 08 | 09 | 10 | 11 | 12 | 13 |
Highest Spend (Net) | Blackburn | Blackburn | Everton | Newcastle | Leeds | Newcastle | United | Liverpool | Leeds | Fulham | United | Chelsea | Chelsea | Chelsea | WHUM | Spurs | City | City | City | Chelsea | Chelsea |
Highest Spend (Total) | Blackburn | Blackburn | Everton | Newcastle | Newcastle | Blackburn | Blackburn | Liverpool | Arsenal | United | United | Chelsea | Chelsea | Chelsea | Chelsea | United | City | City | City | City | Chelsea |
*Transfermarkt doesn't have data for 92
Secondly, I might be in the minority but the dream scenario is one where you get as competitive league as possible - something we don't have now - which stops teams doing what City are doing and what, no doubt, Newcastle are on their way to doing, which is bad for the game. People always think more money coming into the league = a better league but it only works like that if the % of money coming in isn't so specific to each club.
Thing that frustrates me with City (when I forget they are owned by a country which shouldn't be allowed) is they didn't even need to do it, they just got impatient trying to get into the CL money places.