Massive inflow of investment into English football prompts us to consider question "Does money buy glory?" more often. Most of supporters would love "No" to be the answer - in fact, as a hope, we get some fairy-tail results from cup competitions, like Wigan beating Manchester City in the FA Cup in two consecutive years. Yet, quite sadly, it seems that the examples of money-not-buying-glory are mostly limited to cups and are a natural result of big number of one-game encounters, where a 1-in-10 chance of underdog beating favorite will provide a couple of very unexpected results every season.
This article presents relationship between wage bill and performance of Premier League teams in 21st century - starting with the season 2000/01 and until 2012/13 (the latest data available). Just in case you don't want to go through the whole article (full of numbers, I must warn), the bottom-line is the following: money may not guarantee the success, but it buys most of it - just above two-thirds, to be precise.
