Italy, off the top of my head (except Barca) is the only league where there needs to be CONSISTENT plusvalenza just to stay alive across its big clubs.
Same applies to France.
Also, in England, but their accounting magic and lack of audit control by the governing body makes sure that this isn't an issue. Only Manchester United is "sustainable" in that sense.
Liverpool typically spends when they make sales.
Chelsea ignores all rules possible.
Arsenal spends once every 3 years.
Manchester City is a different animal.
Tottenham rarely spends.
Yes, their financials look better because there's a lot of questionable commercial deals that flow into the Premier League TV rights and they get full advantage of that, but if you regulate that, they become a hot mess themselves as they're mostly badly run entities. Such as Everton, West Ham or others that are or were on the verge of collapse.
Really, most PL clubs are kinda screwed, even with that tv money influx. There's a reason why many of them just become irrelevant once the PL money runs out (by relegation and not returning the next season).
More than half their teams across 2nd and 3rd tier are foreign owned with the ambition of earning some of that bubble PL money, but if you notice their financials, they're almost all indebted to crazy levels...
If UEFA was more serious about this and didn't only focus on Italy, Greece and Turkey, then you'd have 10 PL teams banned from Europe or have restrictions and Settlement Agreements. Instead, we hear words of praise for how wonderful their "product" is... Nonsense. It's a bubble and it's only going to burst if the governing bodies do their job.
Now with City we hear that the UK government wants to put an end to the FA's and PL's attempt to penalize them because it'll ruin relations with the UAE... I wonder if UEFA would care, they even let them play in Europe and win CL in a year where they were supposed to be banned... But sure, let's say that in Italy you need to come up with 250m each year just to keep up with the cheaters and blame Italy. Like when we blamed Moratti because Moggi and Juventus were controlling the league and we had to spend 100m every year just to be able to try and beat the refs as well over 34 games...