Refinancing has left Manchester United and Liverpool short of transfer funds . An new era of Premier League football reigns according to finance experts . ` We have already seen a situation unravel with the banking system which has angered a lot of people and something similar Real Madrid have spent $ 500 million on Valencia , Kaka and Benezma . Spanish 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 football reigns according to finance experts . Real Madrid have spent $ 500 million on Valencia , Kaka and Benezma . Spanish clubs present serious challenge to English domination in Europe .