The world of football is changing.
The old order is under pressure from the new kids on the block, financially well endowed and looking for a place at the top table.
Where we once had Manchester United, Liverpool, Arsenal, Chelsea in England there is now also Manchester City, Tottenham Hotspur and Aston Villa.
In Spain even Barcelona and Real Madrid are less able to dictate how the transfer market is shaped, Valencia are selling and below that banks are now the bosses.
Italy still has the billionaire owners but they don't seem as willing to bankroll their clubs in the face of the stiffer and wealthier competition.
If you look East there are clubs like Shakhtar with money to burn and ready to take on Inter, AC and Juve' for the best players.
And lets not discount new mega-wealthy individuals buying lower profile clubs and building slowly.
Malaga have recently been purchased by a billionaire from Abu Dhabi for a meagre £25m for example.
But the influx of new money coincides with the maturing of old debts at clubs like Liverpool and Manchester United as well as the financial retrenchment in Italy and Spain, sped up by the global credit crunch.
Of course the big spenders so far this transfer window are unsurprisingly the wealthiest of all clubs Manchester City.
The question is simple, can they convince some bigger names to jump ship from places like AC Milan to push on?
Its not yet clear if they can convince players like Sneijder or Maicon to lay down the new foundations at the City of Manchester Stadium, but it is looking more likely.
The threat from the Russian clubs wont really bother City but the threat of an Italian owner changing his mind and re-invigorating an aging squad might be a bigger problem.
But for now it seems like the top squads in world football will be spread throughout Europe, what happens in the next month may make people rethink where the dominance lies as it stands I see it like this:
Now that doesn't mean they are the best teams, but they do seem to have the strongest squads.