I get your point but for me it's slightly different. Malcolm made the mistake of selling Barnes and Owen and that was his biggest error. That would have been like us selling Sterling and Sane now. 2 years later we were in the final of the FA cup and semi final of the league cup and a lot of these players were in Big Mals side. He perhaps wasn't given enough time. He also didn't buy enough quality experienced players though and it took the addition of Gow, Macdonald and Hutchinson to complete the side. We only really imploded when Bond left.
Mal also made the mistake of signing shite with the odd exception but we are masters of that. We are still doing it now. There can be no other side who have signed as much crap as we have in the last 40 years.
The problem we have now is the same. Our succession planning has been terrible. We have wasted millions of pounds on absolute dross. We should not still be relying so heavily on the players that were at their peak in 2011-14. Three years later and we still look to Silva, Yaya, Aguero, Kompany and Zabaleta. Someone else mentioned it the other day, we are regularly playing full backs that were in Arsenal's side 6 years ago. We had 10 players out of 18 over 30 in Monaco. Had Kompnay been on the bench it may have been 11! That is just bad planning.
These players have to go some time and I think the end is nigh for all of them although not all this season.
We may be in transition for another year at least for me because we are still 5/6 players short of having a side that can dominate this league and challenge properly in Europe and to get 5/6 that will work, we will probably have to sign 10/11 and get rid of 10-15over the next 2 years. I can't see that being a recipe for instant success so hopefully if Pep is in charge of this change, he will stay longer than 3 years because if not we are back to square one.
We have to learn from previous mistakes. The signings of Sane and Jesus give me hope that we are learning, albeit slowly.