On average, the annual salary of a Premier League player is a whopping £1.6 million, based on the 2012 to 2013 season, after players’ payrolls were cut by 8%. The Premier League is still football’s richest league.

“They have so much expendable income they can do what they want to a certain extent,” Dixon said. “I know of English players who have invested in Picasso paintings and sculptures.”

It seems British footballers are now splurging their immense disposable incomes on Picasso artworks, reported Bloomberg Businessweek.

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