Didn't spend anything during the summer

During the discussions about this seasons, it seems to me that the argument "we didn't spend any money this summer because of the FFP" keeps coming up. I have a hard time accepting that statement and I've now went ahead and looked on Transfermarkt.de for the combined value of our transfers this summer.
Here goes:
Richard Wright: 0
Nasty: 15,2 million Euros plus Savic
Garcia: 20,2 million Euros
Sinclair: 7,8 million Euros
Maicon: 3,75 million Euros
Rodwell: 15 million euros
Total Sum: around 62 million Euros in transfer costs
Departing:
Nigel: 3,5 million Euros
Adam Johnsson: 12,6 milllion Euros
Adebayor: 6,5 million Euros
Weiss: 1,8 million Euros
Totao sum: 24,4 Euros in transfer income.
Netspend: around 38 million Euros. And that's not even counting the losses in salaries, which I'm sure increased if you're looking on the stateure of the players coming in compared to those going out, of which only Adebayor was probably on any larger wages.
Now this is not a high sum of transfer money we spent in total but it isn't low either. It seems to me that the argument that we didn't spend anything last summer because of FFP is somewhat flawed, as we spent a lot of money on transfer fees and wages and probably made our wage bill even heavier. Now we didn't strengthen our squad that much but it wasn't for lack of trying or resources.
Am I missing something or is it indeed wrong to say we've spent little or or no money in the last summer transfer window?
Linkybink: http://www.transfermarkt.de/en/manchester-city/transfers/verein_281.html
Here goes:
Richard Wright: 0
Nasty: 15,2 million Euros plus Savic
Garcia: 20,2 million Euros
Sinclair: 7,8 million Euros
Maicon: 3,75 million Euros
Rodwell: 15 million euros
Total Sum: around 62 million Euros in transfer costs
Departing:
Nigel: 3,5 million Euros
Adam Johnsson: 12,6 milllion Euros
Adebayor: 6,5 million Euros
Weiss: 1,8 million Euros
Totao sum: 24,4 Euros in transfer income.
Netspend: around 38 million Euros. And that's not even counting the losses in salaries, which I'm sure increased if you're looking on the stateure of the players coming in compared to those going out, of which only Adebayor was probably on any larger wages.
Now this is not a high sum of transfer money we spent in total but it isn't low either. It seems to me that the argument that we didn't spend anything last summer because of FFP is somewhat flawed, as we spent a lot of money on transfer fees and wages and probably made our wage bill even heavier. Now we didn't strengthen our squad that much but it wasn't for lack of trying or resources.
Am I missing something or is it indeed wrong to say we've spent little or or no money in the last summer transfer window?
Linkybink: http://www.transfermarkt.de/en/manchester-city/transfers/verein_281.html