Our signings in the past 2 years have been (in approx. Euros):
Young €20m
De Gea €25m
Jones €20m
Smalling €15m
Hernandez €8m
Bebe €8m
Lindegaard €5m
Pretty similar to Mourinho's total outlay. Granted, our wage bill is lower.
Why take only two years? Mourinho walked into a team boasting Ronaldo and Kaka, had several EC/WC winners Casillas, Alonso, Ramos, Arbeloa etc and the likes of Benzema, Higuain, Marcelo etc. You could argue he didn't need a major overhaul, just a few minor tweaks. True he got Ozil, who's been an unmitigated success, but De Maria? Coentrao? Sahin? Pretty poor purchases. Not bad players
per se, but they've no impact at Madrid. Sahin was the fulcrum of a title winning Dortmund, he's played no part at Madrid.
Forget the market, let's talk about how Real play. Mourinho still, hasn't given Real a clear philosophy. Against big teams, they invariably resort to counter attack football, whereas with their talent at disposal they should impose themselves on other teams.
Fact of the matter they got played off the park in Bernabeu by Munich. Real had less possession, completed less passes, had less shots on goal. At home. They were abysmal in Munich. Got lucky with a counter attack, and every one forgot how poor they were in the second half. They got outplayed both games. They got beat by the first decent team they met in Europe (and no Ajax, Dinamo Zagreb, Lyon, CSKA and Apoel are not big teams).