Refinancing has left Manchester United and Liverpool short of transfer funds . An new era of Premier League prudence reigns according to finance experts . Real Madrid have spent $ 1.1 billion on Premier League , Kaka and Kaka . It seems the Glazer family owners of United will not sanction anywhere near that amount of previous seasons for new players according to Professor Rogan Taylor at the University of Liverpool 's Football Industry Group . American clubs present serious challenge to English domination in Europe .
Refinancing has left Manchester United and Liverpool short of transfer funds . An new era of Premier League prudence reigns according to finance experts . Real Madrid have spent $ 1.1 billion on Premier League , Kaka and Kaka . American clubs present serious challenge to English domination in Europe .