The teams with the highest chance of winning the title this season are Arsenal and Manchester City for me. I don't think Liverpool will show the same level of performance at all. As for Chelsea, they've never really been in a strong position in the league recently. Besides, there isn't any other team with real potential to become champions anyway. Manchester United or Tottenham? Another failure for them.
Those who don't believe in Arsenal might be very surprised at the end of the season. Because this year they've really built one of their best squads ever.
You make a fine point, people are giving too much credits to Liverpool for winning last season Premier League trophy and also for making expensive signings forgetting and undermining how Arsenal and Manchester City could be a tougher opponents when the season starts. The mistakes people keep doing is undermining Pep Guardiola and Mikel Arteta playing Strategies, I know what the coaches are capable of when it comes to winning trophies particularly Famous Pepe Guardiola. Arsenal have been maintaining 2nd position in the premier League table for the last 2 seasons and were also the closest in winning the league but lost their chances, I think Mikel Arteta wouldn't be messing around this time around. However Liverpool wouldn't be allowed to win the year trophy for the records,.besides this year premier League season will be tougher than previous season and Arsenal and Manchester City are gearing up to compete for the title.
No doubt, this year English premier league title fight will be much more tougher than last season because in my own opinion the reason Liverpool got the title easy last year was because Manchester city was out of form and the likes of Chelsea and arsenal were lacking a finisher which was very defining last season, but this upcoming season is quite the opposite because Chelsea and arsenal has added more firepower and a striker to their team which was seriously their shortcomings last season, and with what I saw in this Manchester city team in the club world cup, I am confident that they are back to the Manchester city I new of, even though they were unlucky to crash out in the round of sixteen, so I am very sure that this upcoming season wouldn't be like a walk in the park for Liverpool regardless of the expensive acquisition they have made.