Top Premier League clubs might be sinking further and further into financial debt, but the Guardian says the Deloitte report also indicates that second-tier clubs like Tottenham, Aston Villa, Newcastle and Everton also stand to benefit from the increased purchasing power brought in by inflated broadcasting revenues.

The 50 percent increase in broadcast revenue over the next three years (worth $5.3 billion) will solidify the EPL's standing as the richest league in the world. It will also help these second-tier clubs compete on the world market for the world's best players.

In particular, report author Dan Jones cites the increasing value of overseas rights, shared equally among the EPL's clubs, which will "help level the playing field," between Man United, Chelsea, Liverpool, Arsenal and the rest. Jones expects England's top four to persist in the short run, but because television rights are negotiated collectively, the EPL will continue to get richer, allowing second tier clubs to beat out their counterparts in Italy and Spain for top players.

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