quality:correction, information:extraction
Wages

There is no team or individual salary cap in the Premier League. As a result of the increasingly lucrative television deals, player wages rose sharply following the formation of the Premier League, when the average player wage was £75,000 per year. In the 2018–19 season the average annual salary stood at £2.99 million.

The total salary bill for the 20 Premier League clubs in the 2018–19 season was £1.62 billion; this compares to £1.05 billion in La Liga, £0.83 billion in Serie A, £0.72 billion in Bundesliga, and £0.54 billion in Ligue 1. The club with the highest average wage is Manchester United at £6.5 million. This is smaller than the club with the highest wage bill in Spain (Barcelona £10.5 million) and Italy (Juventus £6.7 million), but higher than in Germany (Bayern Munich £6.4 million) and France (Paris Saint-Germain £6.1 million). For the 2018–19 season, the ratio of the wages of the highest-paid team to lowest-paid in the Premier League is 6.82 to 1. This is much lower than in La Liga (19.1 to 1), Serie A (16 to 1), Bundesliga (20.5 to 1), and Ligue 1 (26.6 to 1). Because of the lower differential between team wage bills in the Premier League, it is often regarded as being more competitive than other top European leagues.