You have to put it into context. That's more money than Hull City spent on any player before getting promoted in 2008. Championship income hasn't exactly rocketed in the last 10 years.
You have to put it into context, the club who finish last in the Premier League gets about 100 million for that season and another 85 million spread over the next 3 seasons.
They should be able to sell off some of their high value Premier League players and replace them with good Championship players.