The premier clubs makes a lot of money compared to other leagues from TV Rights and sponsorships deals and they also make the most sales so their spending is valid. You can only spend if you're making enough.

Few years ago younger players and world class players dream were to play in either Bacelona or Real Madrid but today even Fulham can attract any of the biggest stars in Europe. Alot has changed.

Liverpool has no excuse not to defend their title now..