Yes, Manchester City is still very strong. Actually, the dominance of Manchester City started when the rich sheikh from Saudi actually bought Manchester City. With the huge amount of money, they were able to bring in really good players. And since then they have not looked back. Now they are one of the world's best. They have one of the best squads in the whole world. Pep Guardiola has the capability to run to his daddy sheikh for huge amount of money if anything goes wrong slightly. But that was not the case before.
The case of Man City really confirm the saying that "what money cannot do, more money can". The influx of the oil money changed everything for the club because I can still remember how they were just an average team, struggling alongside West Ham and Everton at the same rating until Arab money came and revitalized the team. There was money to sign key players and a great coach that initiated the transformation process. Newcastle was another team that enjoyed the inflow of oil money but could not achieve the same result as Man City. No doubt they got better and have stopped struggling to remain in the Premiership but I had expected them to become a champions league regular.
Big money played a vital role in the transformation of the Manchester City club thereby changing the position of the team from a struggling team to a regular champion especially in the English Premier League where they have dominated the league for four seasons now and still doing very great with a good manager and brilliant players they have got I think the money they spent to get a good good manager and players worked very well for them because they aresn evidence to prove tht money can solve a lot of problems if it is well utilized.
The case of Newcastle spending a lot of money to buy players also helped them to finish in the 4th position the next season after buying players and they also played in the Champions League after a long time but they dropped points and couldn't continue the brilliant performance they started playing due to the players they bought and the level of experience their coach have and was playing in the team.
Chelsea football club is another example of a team that has spent a lot of money in signing expensive players as seen in the last two seasons but they were unable to make use of the players very well and at the end of the day they have no trophy to show for the huge money spent even after changing different Managers yet they are yet to account for the money spent in the club with trophies.