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I've no idea where you got that figure from for us but it's wrong...
Transfermarket.com says net spend of ~£54m in 16/17 & 17/18 so far.
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How can you be beating them? They're higher up the table than you.
Soul
Chalfie
@cliveo
Net spenders since Pep and Antonio came to town
(i.e. since June 2016):
Citeh £333m
ManUre £291m
W Brom £113m
Bournemouth £110m
Newcastle £106m
Palace £85m
Arse £81m
Everton £76m
Lester £65m
Wham £57m
Watford £57m
Brighton £56m
Boro £47m
Uddersfield £42m
Loserpool £37m
Stoke £35m
Burnley £28.5m
Chelsea £28m
Spurs £22m
Swansea, Newcastle, Hull and Sunderland all made money on transfers over the past three windows.
Yay. We might be scraping the relegation zone but at least we are beating Arsenal in the net spend League.