AC Milan, despite being Serie A champions, have not been able to compete financially with the English club Newcastle to sign Sven Botman. This is just a recent example about the great lack of balance between leagues and spending powers of many clubs in Serie A and the Premier League.
The Athletic took stock of the spending for new transfers that already took place in the Premier League and have reported the words of Kieran Maguire, a football finance expert and lecturer at the University of Liverpool:
"You’ve got clubs like Crystal Palace competing with clubs like Milan, financially. The bottom half of the Premier League can effectively outbid anyone who is not in the fight for the Champions League. That’s great for the Premier League because that’s the product."
The expert continued to explain why mid-table clubs and those at the bottom of the standings are spending a lot and competing with bigger clubs from other leagues on a financial level in the transfer market:
"While the domestic TV deal isn’t worth any more next season, some of the overseas TV deals are looking fantastic. Clubs now have an even bigger incentive to spend. The increased money you get from qualifying for the Champions League incentivises the big six to spend more and they’re also looking over their shoulders at clubs like Newcastle. The cost of getting relegated is now higher than ever, so the bottom tier clubs are now spending more money because they want to reduce the risk of relegation. Everyone has got an incentive to overspend and that is materialising.”
