Chelsea midfielder Frank Lampard has welcomed the new threat of big-spending Manchester City.
He said: "We did what they're doing a few years ago.
"We found a very good balance of spending money and bringing players through, as well as winning trophies.
"But that's not easy to achieve. That's what Man City are trying to do now. There are a lot of clubs up there who have those foundations already.
"To win the league must be their target. The owners have clearly enjoyed great success in their careers and don't like to come second.
"That's what they want but whether they can do it in year two is another question.
"It's not easy to throw a lot of new signings into the team and get a winning formula straight away.
"But it's a great challenge which will add to the Premier League title race next season and it'll be really interesting to see how it pans out there."