Good post. With £100m of extra broadcasting income, newly promoted clubs seem to spend £40m to £50m in transfer fees in the first summer window, with a huge increase in player wages too.
Wolves and Fulham are going for £100m in fees alone in the first summer, including well known 'names' and internationals.
I recall [MENTION=31]El Presidente[/MENTION] explaining that there are PL rules too on financial fair play. We won't see the Fulham and West Ham 2018/19 accounts for another 18 months, but I wonder how the hell they can spend double that of Hudd and Brighton?
There are two sets of rules in the PL.
(1) A club is limited to FFP losses of £105m over a rolling three year period.
(2) Wages cannot be increased by more than £7m a season (not valid for clubs promoted) PLUS any extra income generated by the club itself (ie excluding TV income) PLUS the average gain on player sales for the last three years.