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That’s not true though is it, football is littered with examples where a club has splurged cash on players (and elite managers) and not won major trophies.
Guardiola got lucky only in the sense that Barcelona took a risk and appointed him, but since then he’s repeated the success he had there in two other leagues. There’s not many managers who’ve achieved that. Of course the money helps, but he’s an era defining coach who has changed how the game is played at the highest level.
Which kind of proves my point. Elite club uses loads of money to fund elite manager (and players).
It’s fair to ask if another manager would have delivered as much success as Pep at City, but it’s fundamentally about money.