Yes...

Man U hoped to get Ronaldo to stay put or get another big name, so they ignored Tevez and the fact that his contract was ending.

When Ronaldo left and there was not "next big thing", they rushed to give Tevez a huge deal, only by then it was too late.

So, they lost both Ronaldo and Tevez. They now have Berba, who's not done much of anything and Rooney who can't really carry the load all by himself, despite his great skills.

So, Owen was the next available guy, who's been pretty lackluster since leaving Liverpool 6 years or so ago.