Real Madrid chief Jose Angel Sanchez admits Spanish clubs will continue to struggle against the spending power of the Premiership.

Foreign owners have given Chelsea, Manchester United and Liverpool huge spending power, leaving clubs in Spain and Italy lagging behind.

Manchester City and Russian side Zenit St Petersburg recently benefited from billionaire investment, with Real losing Robinho to City for a record £32.5million.

Sanchez said: "The football industry is changing and there are threats from English clubs with the amount of money they have.

"This level of investment is not good for football."