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 .
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 $ 300 million on Ronaldo , Kaka and Benezma . Spanish clubs present serious challenge to English domination in Europe .