The Americans ' takeover of the Red Devils placed the club in $ 1,100m of debt , according to the holding companies ' accounts of 2009 ; a situation that requires careful management . This has left Manchester United and Liverpool short of transfer funds . An new era of Premier League prudence reigns according to finance analysts . Real Madrid have spent $ 100 million on Alonso , Kaka and Benezma . Spanish clubs face serious challenge to English domination in Europe .
This has left Manchester United and Liverpool short of transfer funds . An new era of Premier League prudence reigns according to finance analysts . Real Madrid have spent $ 100 million on Alonso , Kaka and Benezma . Spanish clubs face serious challenge to English domination in Europe .