We did not do too badly, yes, but simply ignoring the midfield was always going to bite us in the arse sooner or later. Neglecting one area of the team ENTIRELY was always going to cause problems eventually and now we're at a stage where we're unlikely to be able to paper over the cracks any more. Everyone and their auntie knows that we are in a desperate state in midfield and it will make our position even more difficult when it comes to trying to strengthen it.
Not to mention that it also means it's more difficult to handle sudden emergencies - long-term injuries to key players or the Rooney situation - because central midfield simply has to be the priority now over everything else. Otherwise all the hopes of our new manager will hinge on a 32-year-old player's fitness and form.
Whether our domestic rivals' transfer strategy was any better or not is irrelevant - though I'd argue that yes, most of them had a stronger midfield than us over the last 3-4 years. But we're expected to seriously compete in Europe yet we simply can't match any of the biggest guns - Barcelona, Bayern, Real Madrid, even Dortmund - in midfield. As we could see against Real Madrid, our only hope against these teams is park the bus and try to snatch something on the break. It's obviously a legitimate way of winning football matches but we could and should aim a bit higher than that.