Yes, while you're playing to become the best, there are losers creating new teams every week and selecting players from the best fixtures to win weekly and monthly awards.

Manager of the month get these;

Official Premier League Club T-shirt
Nike jacket
EA SPORTS FC™ game
Laptop computer OR SIM-free smartphone

Manager of the week get these;

Official Premier League Club T-shirt
EA SPORTS FC™ game
FPL bundle consisting of a rucksack, T-shirt, mug, thermal bottle, stress ball, pen, pad, and key ring

reference