Great point from Carragher here - if in ten years, when this team is no longer, who is to blame for a lack of trophies? Not the players; not the mangers - Daniel Levy and the board.
NB they will probably, and hopefully, have sold us by then
So a) same players & b) same manager + diff. board = c) trophies....
Assuming this is a sentiment routed in spending, then new players means 'a' has changed in the above equation.
Thus...
Flawed logic.