Doesthe Premeirship have a salary cap? Every major sporting league in the US does with the exception of baseball. Baseball does do some revenue sharing though so the rich help the poor. A few years ago, a shitty little team in Florida called the Marlins beat the Yankees who spend more money then anyone. Because of revenue sharing, the Yankees basically bought the Marlins a world series. Think of it as sports welfare. Dark Lord Al knows all about it he loves it, think it's great that the little guys get a break from the government
But anyways, it works in baseball not just because of that revenue sharing but because each club has several farm league teams who compete and they can call up players from anytime and have exclusive rights to. So the real good teams will not spend half as much money as the big Yankees and Red Sox in Free Agency but instead they can build players in their farm league, sign them for pennies on the dollar of what the huge names get and win with them. That's how baseball makes the free agency work so that this biggest spenders don't always win. I don't know if they have that safeguard in Premiership.
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