He referred to European football like it was all sunshine and hallelujah when Ferguson was in charge. You can also compare the spending in the last 10 years and compare it to the 10 years before, or the spending of all the PL clubs.
The question is which fact he picks and which argument it is supposed to support. If his point is that United has the best players, or should have had the best players if it was spent well, his fact is not going to support that claim. If you want to make a sensible statement about that, you have to pick a different fact, namely net spending, and you have to relate that to other facts, like what others have spent, what is on offer for that kind of money, for how long others have spent money and the state the squad was in before this spending happened. This is just naming a big number, which is not the full truth, and suggesting that a number like that would have been enough to buy success.
The most stupid thing he said was that United didn't need a new philosophy, because the old one had worked perfectly for 20 years. That's nonsense of course, the old philosophy was let Ferguson take care of it and it will all come good. But Ferguson quit, so it can never work anymore. And it was past it already, if you get outplayed by Basel and Ajax and don't stand a chance against the best all, it's time for a change. Change is not easy, but that's no reason to live in the past like Scholes.