City alone is already spent almost 240 million pounds this year. It's almost doubled than what you have stated above. This is the main recipe to build a winning club. Spending a lot of money is a must to form a quality squad.
Kinda weird when people called City spent nothing. Meanwhile, it's a common knowledge that big team's success is money.
Money stops nonsense, the saying goes, money makes the world go round and it answers all things I'm wearing are at the reality of this. Having money as a team goes a long in determining the teams success, who would have thought that Manchester City after all these years still hasn't received a single punishment for spending heavily and reckless? The team is still under lots of investigation and they are still spending. Just look at the figures, this is June and they have already spent £240m just this year alone and they ain't done yet because they will still spend before the transfer window closes in September.