Not much base in reality apart from it being true you mean? First 2 Premier league seasons you had the most expensive squads, How many other clubs were spending £2m on a right back and £2.6m on a centre back at the same time back then?
Up to the end of the 2010 season, only Chelsea had paid more for players in Premier League history.
Wasn't going to argue this one, but as your about as near to fact as Katie Price is to celibacy, I'll bite.
Firstly, when did we spend £2m on a right back and £2.6m on a centre back? Because if your thinking of Parker and Pallister, there were 2 years between those signings. Pallister had been at Utd for 4 years by the time the Premiership started.
As for the most expensive squad - bear with me for this list, but I think I need to be comprehensive.
1993/94 Man Utd Squad
Peter Schmeichel - £0.53m (1991)
Paul Parker - £2m (1991)
Denis Irwin £0.65m (1990)
Steve Bruce £0.8m (1987)
Lee Sharpe £0.2m (1988)
Gary Pallister £2.3m (1989)
Eric Cantona £1.25m (1993)
Paul Ince £1m (1989)
Brian McClair £0.85m (1987)
Mark Hughes £1.8m (1988) - though we had flogged him for £2m in 86
Bryan Robson £1.5m (1981!!)
Andrei Kanchelskis £0.65m (1991)
Roy Keane £3.75m (1994)
Dion Dublin £1m (1993)
Mike Phelan £0.75m (1989)
(Colin McKee, Darren Ferguson, Nicky Butt, Ryan Giggs, Les Sealey,Clayton Blackmore, Lee Martin, Craig Lawton, Paul Scholes, Gary Walsh, Chris Casper, Gary Neville, David Beckham, Ben Thornley, John O'Kane, Keith Gillespie, Neil Whitworth - all free/nominal)
Total -
£19.03mil - 9 mil of which had been spend over the course of the 80s (and ignoring the Hughes deal was really a profit, lets not open the net spend argument).
Now lets look at Blackburn 93/94
Tim Flowers £2.4m (1993)
Henning Berg £0.4m (1992)
Graeme Le Saux £0.7m (1993)
Stuart Ripley £1.75m (1993)
David Batty £2.75m (1993)
Tim Sherwood £0.7m (1992)
Alan Shearer £3.6m (1993)
Kevin Gallacher £1.5m (1993)
Mike Newell £1.1m (1991)
Colin Hendry £0.7m (1991)
Kevin Moran ?? (1990)
Bobby Mimms £0.25 (1990)
Alan Wright £0.5m (1991)
Paul Warhurst £2.75m (1993)
Ian Pearce £0.3m (1993)
Andy Morrison £0.5m (1993)
Patrik Andersson £0.8m (1992)
Lee Makel £0.15m (1992)
Frank Talia Jason Wilcox David May Mark Atkins being home grown or not worth shouting about
Giving a slightly higher total of
£20.85m (excluding Moran), of which only £2.55m was spent before the Premiership era
CBA doing a list for the Liverpool squad, but that was even more expensive, at about £22m
I guess what I'm getting at is yes, our squad wasnt cheap, but it was built over a long period of time (not splashing out £4.5m in the defence in one go, like you claim) - It also wasn't the most expensive, like you claim, as other clubs had spent the same in 2-3 years as we'd had building over the past 12.
Basically the 'apart from being true' you stated, is a bit of **** I'm afraid.