You need to check the debt / income ratio of some of the EPL clubs. It's literally massive, and it's not normal. Those should be handled.How many clubs have gone bankrupt? Yes, some have suffered from over spending, but not that many.
If someone has deep pockets they should be allowed to use them as they want. Just because you spend the most money doesn't mean you will have the best team.
At the risk of detailing the thread I will leave it there.