They can spend 200 million quid this summer and as long as the payment structure is set up such that it is spread over 5 years, they've only recorded 40 million in losses. They moved Rashford and his 325k p/w on, and have recouped money from a number of sell-on clauses like Elanga.
Additionally, their PSR setup is ... unconventional related to the different holding companies associated with the club. Dodgy, yes, but I don't think it's true to say they're up against the PSR limits.