Arsenal have spent a net of 30 million (we really mgged off Roma), a bit less if you factor in the loan payments we received for all the players we loaned out. Not sure about your figure for spurs either, thought you spent close to 110 million? Anyway, you probably know better.
But if you look at it like that, surely you have to consider the wages of the players? Bringing in 7? Internationals will have added at least 350k a week (probably a lot more) to your wage budget, while the likes of us have trimmed around 200k off it.
Regardless, that isn't the teal point here, the fact is that you really screwed real Madrid, in such a way that will never come about again, and that if your 110 mill spend doesn't amount to anything, it will be a complete and utter failure, as you'll never have as good an opportunity as this to finally bridge the gap (although I still believe one season of the spuds finishing ahead does not mean the gap is closed)
Plus, how in the name of holy hell will you pay all these wages without champions league football, a big stadium, or the massive sponsorship that comes with being perceived as an elite club?