#9 Premier League shows its power
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The Premier League is one of the most viewed sporting events in the world today. With viewership crossing billions, new fan-bases sprout in different corners of the globe each year.
It is, therefore natural for broadcasting rights for the Premier League to be bought for exorbitant amounts. That is precisely what happened when a new broadcasting deal resulted in a windfall of cash for all Premier League teams.
The combined spending of all the teams crossed more than £1 billion - the first time in history. By the end of the window, Premier League clubs spent £1.165 billion.
With so much money available for all the teams, clubs have started spending big. Many of the clubs broke their own spending records this summer, in a bid to strengthen their teams to ensure they can stay in the top flight.
Even the likes of Bournemouth, who were languishing in the second division in 2009, spent £15 million on Liverpool youngster, Jordan Ibe. To put it in perspective, Alan Shearer cost Newcastle less when he transferred from Blackburn to Newcastle in 1995.
