Former Bayern Munich chief exec Karl-Heinz Rummenigge has declared Chelsea's mega spending as "absurd".
Todd Boehly and his partners at Chelsea have spent over 630m since taking the club off Roman Abramovich's hands.
Rummenigge told Il Corriere dello Sport: "Today the only championship alive is the Premier League, England spends astronomical sums and in an unintelligent, irrational way, the other countries go on amid financial suffering and scandals, but still manage to bring home the trophies.
"This means that the British make crazy mistakes, their market is out of control.
"Chelsea threw away hundreds of millions in January to find themselves in tenth place and with almost half the points of those in the lead: it's an absurd thing. The globalisation of the market has created painful imbalances, once upon a time there was a national market, money circulated within the system, wealth was better distributed."