Teams can lose draft picks and pay a ton in luxury tax, but it doesn't seem to be a deterrent. So for overspending, I would allow a generous soft cap, as MLB has now. Then for every 20 million dollar increment of spending above the cap, you start the season with a loss. So sure, Dodgers, blow out the soft cap if you don't mind starting 0-4.
It was the transfer window when spending by Premier League clubs went into uncharted territory. Buoyed by the start of a record 6.7bn four-year domestic TV deal, and the extra revenue generated by newly expanded European club competitions, the top flight invested more than ever before this summer. But while the unprecedented 3bn outlay, and the drama of a frenetic deadline day, undoubtedly fuels even more interest in the league, does it also raise concerns?