Well, we spent around the 6th highest amount in the premier league and we got to 6th place three times so I question the judgment that this money was "wasted". When you think of some of the stars we got into the squad, it was a pretty good time to be a Villa fan.
Lerner couldn't sustain it, though, could he? So we have just been through a spell of "boom and bust".
I would far rather Lerner had managed the money more realistically but you can hardly blame MON for spending what he was given to try to achieve the objective of challenging the top 4. He's at a club now where it looks like the chairman has a better grasp on financial reality and, for those who say MON only takes jobs where he is in complete control of the money side, note carefully that this has NOT happened at Sunderland.