We are talking about football. If you don't sign enough quality players you get relegated. It's as simple as that.
If we get relegated we will be practically giving away our best players like last time and like what has happened to other clubs. This is why many clubs have splashed out on strikers this year.
We are talking about football - the business of football. It is a very fine balancing act trying to avoid relegation and remaining solvent if it happens.
I'm not sure strikers are the key to survival alone, so are these clubs splashing out on strikers solid in defense ? Not in all cases. City may have the edge on this front in enough cases.
For clubs like Hull City, - the bottom feeder types (at the moment) -the key is to find the balance, assess the risks between sensible spending, salary drains/contract length that tip the scales in favour of survival, but doesn't cripple if the worst case scenario happens (relegation). That's why budgets are set.
The original post of yours I responded to was talking about waiting 'til the last day to get a striker, who's move depended on the other club's recruitment falling into place on the same day.. I'm suggesting that is not what happened. Attempts were made earlier, failed, plan 'b" & 'c' etc were invoked, also failed . All were within the "sensible" constraints of the established budget to prevent financial meltdown if disaster strikes - i.e. relegation. Long became unexpectedly available late in the day, but was already on our preferred striker list with a predetermined value attached. Bruce and the moneymen went for it. Failed. Not for want of tryjng, but still within sensible parameters.
Of course, certain factors are against City to start with. Unfashionable club, little history in the Big League...the list is extensive. I personally admire how they are going about this latest adventure by attempting to manage the potential pitfalls from last time which nearly obliterated them. Reckless abandon is not the way to go.
Bad luck on the striker front. Good(quality) , financially sound business on every other front.