Whilst i agree with you about not being taken for mugs and building on our reputation in gaining respect in Europe, i also agree with what Domalino said. We are a big draw to players, but as he stated, we don't have the reputation of a Barca, Madrid, Bayern just yet. The only problem i have with City being in the mindset of not overpaying is that if we don't overpay for the "bigger" stars like Paul Pogba, he will go to a more attractive proposition such as Barca. City will always have to overpay in comparison to Europeans most elite teams because that is our only pull over them. For a player like Pogba, as long as FFP doesn't affect us, money should be no object. We should just pay whatever we can to get the player because if you want to be the best and you want to buy the best, sometimes you have to just pay the premium and bite the bullet. Yes, i bemoaned in the Sterling thread about the price, but that is because we had no other competition for his signature. With Pogba, most of the europe's elite want him and it is easy to see why, because he is a fantastic talent. When a big star becomes available, City need to use their financial muscle in the market to attract the best. You only have to look at Real Madrid spending 63m on James Rodriguez and 84m on Bale... as big as Real Madrid are, they had to bite the bullet and pay a ridiculous amount to acquire these 2 players, same goes for Luis Suarez with Barca... what was that... 75m quid?
If City don't want to be left behind and want to put up more of a challenge in Europe, they have to pay the premium for the best players in Europe in order to compete against Europe's finest. If we try and be too cute in the market, we will get left behind. We paid the premium for Aguero, Yaya and Silva and we got them, we have stopped trying to overpay for players in the past few years and we have not got the worlds best because of it. Hazard went to Chelsea on the basis that Chelsea offered more money to him and threw a shit load of money in his agent's face. If you don't overpay for a world class player, you will only be left with regret because in the long run, these mega stars are the ones that will guarentee you trophies most seasons. As stated, Eden Hazard is a clear example of that and now Chelsea are reaping the benefits from him.