Capello: Premiership clubs hurt in Europe by lack of spending
England boss Fabio Capello believes the global economic crisis hurt Premiership clubs this season.
Capello says a lack of investment at the top end of the market is to blame for English clubs' failure in the Champions League.
He told the Daily Mail: "Compared to the previous season, all the clubs have sold important players, some went overseas, others moved to Manchester City. They became obviously weaker. If a club is at the top, it should buy every year one or two high-level players to remain at the top.
"It is obvious that the financial crisis has affected the English clubs in Europe, after years when they were among the top spenders. Besides Manchester City, the main exceptions were Real Madrid and Inter Milan. Florentino Perez had to bring Real back into the frame, Inter Milan bought six new players."