Leaving aside this ugly quote, I have reason to believe that in 10 years, English football will find itself in the same situation as our Serie A.
Too much money spent, especially on unknown players, will sooner or later end up in deep debt.
This is essentially what happened to our best Italian teams.
How can Inter still be so in debt after collecting almost €90 million from last year's Champions League and €60 million from the Club World Cup? Let's also add the Serie A TV rights and the prize money for the Coppa Italia and Supercoppa Italiana finals?
The thing is that Serie A teams don't get that much money from TV rights. I mean not as much as Premier League teams. That is where some problems start for Italian teams already.

I have seen a data before related to this topic. Even the team in the last place of the Premier League gets more money in total compared to the team at top in the Serie A. That sounds really insane!
As long as this much money is pouring I don't think English teams would be in big debt that easy.