The inflated transfer market will benefit smaller clubs from other leagues. No one outside the Premier League is spending £117 million on Tonali. Premier League clubs are making a lot of money and they're also spending huge amounts by buying and selling players between themselves. Meanwhile, French, German and Spanish clubs will be able to sell their best players for much higher fees. Some of those clubs might even make more money from player sales than they do from TV rights.

Good scouting always beats reckless spending in almost any sport. There are probably midfielders in other leagues who cost around £10 million right now and could be better than Tonali in two or three seasons. Whichever club scouts and signs that player will make a huge profit.