Clearly, nobody knows what to do with all this money. The Premier League is like a tourist in a third world country, being surrounded by crowds offering worthless trinkets at exorbitant prices (a few of which they buy at random), and ending by exasperatedly throwing the rest of their money up in the air on their way to the airport, to be collected by local passers-by.
Very interesting - a somewhat thought provoking post, which offers an interesting perspective on matters.
Having worked in a few such countries, I need hardly to the endemic corruption with which elite bodies in some such places appear to carry out their affairs and conduct their businesses.