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===Wages=== There is no team or individual salary cap in the Premier League. As a result of the increasingly lucrative television deals, player wages rose sharply following the formation of the Premier League, when the average player wage was £75,000 per year.<ref>{{cite news |url=http://football.guardian.co.uk/comment/story/0,9753,1009392,00.html |title=Forty factors fuelling football inflation |newspaper=The Guardian |date=31 July 2003 |access-date=8 August 2006 |archive-date=18 August 2006 |archive-url=https://web.archive.org/web/20060818060800/http://football.guardian.co.uk/comment/story/0,9753,1009392,00.html |url-status=live }}</ref> In the 2018–19 season the average annual salary stood at £2.99 million. The total salary bill for the 20 Premier League clubs in the 2018–19 season was £1.62 billion; this compares to £1.05 billion in [[La Liga]], £0.83 billion in [[Serie A]], £0.72 billion in [[Bundesliga]], and £0.54 billion in [[Ligue 1]]. The club with the highest average wage is [[Manchester United F.C.|Manchester United]] at £6.5 million. This is smaller than the club with the highest wage bill in Spain ([[FC Barcelona|Barcelona]] £10.5 million) and Italy ([[Juventus FC|Juventus]] £6.7 million), but higher than in Germany ([[FC Bayern Munich|Bayern Munich]] £6.4 million) and France ([[Paris Saint-Germain F.C.|Paris Saint-Germain]] £6.1 million). For the 2018–19 season, the ratio of the wages of the highest-paid team to lowest-paid in the Premier League is 6.82 to 1. This is much lower than in La Liga (19.1 to 1), Serie A (16 to 1), Bundesliga (20.5 to 1), and Ligue 1 (26.6 to 1). Because of the lower differential between team wage bills in the Premier League, it is often regarded as being more competitive than other top European leagues.<ref>{{cite news |url=http://globalsportssalaries.com/ |title=Global Sports Salaries Survey 2018 |publisher=Sporting Intelligence |date=27 November 2018 |access-date=27 November 2018 |archive-date=27 November 2018 |archive-url=https://web.archive.org/web/20181127064800/http://globalsportssalaries.com/ |url-status=live }}</ref>
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