they spent 0 in 2019 (transfer ban) and have generally had one of the lowest net spends among the top 4-6 clubs, over the last decade, after the Russian billionaire did in fact spend like a drunken sailor his first 7-8 years in the league.

So think of this summer as two years worth of spending, and include the 100 million they got for Hazard in 2019 in there, and it's not so flamboyant.

Man City are the big spenders now, and of course Man U, though Man U doesn't seem to do it coherently.