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.
The 115 charges are still pending, and I think we will have further charges if they sign a lot of players that are above their capabilities. However, this players can change the team since they signed a lot of players to replace the players that left the team; I am not sure if they can compete for the premier league again next season, but they can do better than they did last season.