Football

You are missing the point though, there are a lot of factors at play here.

For a British Premier League player, £20m is now what £5m was 10 years ago.

1) Every team has much more money, with the big TV deals, and money filtering down the pyramid from the sugar daddies transfers, £20m is small change

Saying every team has more money isn't really true though. None of the top 7 clubs bar Arsenal made a profit last year. They made a big £56 million profit due to the Highbury development. The only other premiership club to make a substantial profit was Wolves £9million and that was due to promotion and increase in TV money but not a big increase in wages. A few other clubs made minor profits but non that are significant.

Ok yes turnover may have increased but so have wages which pretty much cancel each other out. So basically teams are borrowing more against assets. They don't really have more money though they just accumulate more debt. We all know though that this isn't sustainable and can't last forever unless you have some rich owner like Chelsea and Man City who have pretty much bought or tried to buy success by throwing bucket loads of (dodgyish) money at the situation. Cue UEFA getting involved and trying to level out the field by bringing in much needed financial regulation to the game. Im still to be convinced it will work but if it doesn't we will see more clubs like Portsmouth and potentially Birmingham go under as almost all Premiership teams overspend.