Yes it does for all his many flaws we did have teams that tried hard and had the ability to at least physically compete with other sides. We finished 5th and got to the final in 2009, with only Saha as our main striker. We we very good at home and actually if you look at his latter years didn't lose away that often. Considering the money he was given he was great, I think his record against the RS and particularly the loss in the semi final turned a lot of fans against him. Also the loss to Wigan in the FA cup and poor performances from around 2011 to 2013, really hurt his legacy. But really when you look at the bigger picture it took City nearly 10 years to build a truly world class team, so even with money success isn't guaranteed they were very lucky in 2012 and 2014 to win the league.
Look at the RS they haven't won a trophy in 6 years and that was against Cardiff and they won that on penalties. They have lost 2 finals in the last 2 years so all their money and arrogance hasn't actually led to any success. The sad truth now is football is a mess, a lot of the players don't even care and will quite happily sulk and get a manager sacked if he challenges them, just like Moyes at United and Jose at Chelsea. There's no loyalty in the modern game, it's only the loyal fans who suffer. Perhaps 10 years ago players had better attitudes, you look at players like Baines, Jags, Cahill and a few others who did their jobs and treated both the club and fans with respect. Baines could of made a big deal out of Martinez, not letting him go to United, he just got on with his job. Nowadays even big clubs like Arsenal, Liverpool and Chelsea get messed about by players. Look at Ozil at Arsenal, just gives up in the big games because he can't be bothered.