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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.
The reason why English league clubs are wealthy is due to the substantial income from large sponsorships. Additionally, earnings from copyright, which every English league club receives, bring in significant amounts of money. Furthermore, owners of English league clubs are often wealthy individuals, making it easy for them to invest in strengthening their teams. Moreover, on average, English league club owners also seek popularity, so spending vast sums of money is not an issue, as it also serves as self-promotion.