The difference between 4th and 5th is fairly black and white, so no, we're not "talking shades of gray" and yes you are coming across as delusional because you've based your expectations on superficial transfer expenditure.
I had this back and forth earlier with someone else. You simply cannot hold the view that Antony is nowhere near an £80 million player, Casemiro no longer comes close to being worth £60 million, Onana was never a £45 million player, and that we've overspent on the likes of Mount and Hojlund, and then point to our transfer expenditure as if it holds any meaning.
You're also completely ignoring that we've effectively changed owners since then. I don't know how many times I have to make it clear to you that this isn't even about Ten Hag for me. We could sack him now and I would still expect us to be in a fight for top four, simply because our squad isn't very good.