Money to Burn: Lessons From the Premier League’s Transfer Window

“… This is what the Premier League does every year, of course: Every summer, and most winters, its clubs descend on Europe, the cash from infinitely spiraling television deals burning a hole in their pockets, and proceed to hose an entire continent with money. They swamp it, they flood it, they drown it with their wealth. And then, at the end of August, they go home, armed with a few more Brazilian playmakers and Swedish strikers, ready to play the games that will earn the money for them to do it all over again in a few months. …”
NY Times

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