Wolves chief executive Jez Moxey believes the money Manchester City have at their disposal is threatening to ruin the Premier League.
Roberto Mancini has been allowed to spend more than £100million already this summer on the likes of Mario Balotelli and David Silva with James Milner also likely to arrive at Eastlands in the next fortnight.
Moxey believes it is an unhealthy phenomenon, telling the Express and Star: "The Manchester City situation is not good for football in the Premier League. Not only are they contributing in a big way towards spiralling wages and unrealistic demands elsewhere, but there is a risk that they could garner all of the talent.
"It's becoming so difficult for anyone else to compete both on a competitive and talent level but also on a financial level and they're only able to do it because they've got sovereign wealth behind them. I'm not sure that's what I would want to see if I could control it. But I can't so all I can control is what we do.
"Manchester City are trying to win the Premier League and dominate Europe - if they can - for certain reasons. Their owners want to promote themselves and the club, and they see that as a good way of doing it.
"They've got more money than they know what to do with and they're investing with it. It gets too distorted too easily when you have such wealth to buy the best players wherever they are in the world.
"But as we saw last season, sometimes buying the best talent doesn't always means you're going to be the most successful."