Arsenal manager Arsene Wenger has said that last month's vote for Britain to exit the European Union could have long-term consequences for the Premier League.
The narrow win for the Leave campaign in the Brexit referendum has led to political and economic uncertainty, including a sharp drop in the value of the sterling currency.
Negotiations over Britain's departure from the EU could take months if not years. However, some have suggested that the decision will eventually drive up the price of British players and could even lead to recruits from elsewhere in Europe requiring work permits.
Wenger, 66, told France Football that the result of the referendum had shocked him. While he feels TV money will soften the blow for English clubs in the short term, the Gunners boss believes that the vote could result in the Premier League becoming less powerful.
"The players are going to see their salaries drop a little bit and the competition with Germany, for example, is going to be stronger," Wenger said.
"But that's part of the risks of the profession and that worries me less.
"England has, all the same, a lot of resources in terms of finances. There's leeway with the [TV] money that's going to be brought in this year as well.
"But in my opinion it's particularly in the long term that there are questions. The way in which England leaves Europe will dictate the future of the Premier League.
"If the league becomes less attractive, TV companies will spend less money, the revenues of clubs are going to decrease and the Premier League is going to suffer the consequences. That's where the problem is."