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But keep in mind that this is the net spend! This would be the overview for the total expenditure:

Here you can see that Monaco is the only club in the top 20 and is at about 50% of total expenditure. There is no competition at all for PSG in Ligue 1.
I am more impressed that the first three places are occupied by clubs from the Premier League, in the top ten there are 6 clubs from the Premier League, and in the top twenty there are 9. It turns out that the 9th club in the Premier League has more money than most other teams in the world! The Premier League is a real Super League now.
That is why other clubs who are thinking about the future are trying to organize their own Super League, because otherwise the Premier League will simply destroy everyone.
Yes, money has a lot of influence in the Premier League, but money does not bring everything. This year there is an example of Manchester United. In terms of squad quality, they have the most valuable squad in the world in total, but they were eliminated from the UCL. They are only in the top 4 races in the league. Chelsea has a similar situation. I think there is unnecessary inflated prices in the football world.