Without some cap on spending, the rest can only look on in awe as England’s super-clubs disappear into the distance

Remember the pandemic? Remember when we thought nothing would be the same again? Remember when we thought the damage done to football’s finances was so severe that transfer fees might never recover? We were part right. This summer, Premier League clubs have spent €2.25bn (£1.94bn), more than La Liga, Serie A, the Bundesliga and Ligue 1 combined.

The net spend is even more remarkable: €1.35bn for Premier League clubs, with La Liga a distant second on €52.44m (and then only because of Barcelona’s lever-driven splurge).

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