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They play each other in the Champions League by wcnitz

Which is the best competition for club football on the planet. And it generates hundreds of millions of euros for clubs, billions in revneue yearly.

And yeah, only the 'big' clubs really compete for that title. Lots of English clubs, but there are other big clubs that play (typically) a huge role as well - from Spain, England, Italy, France. But these other leagues are hurting overall with finances with the exception of those big clubs. And even some of those are in trouble (see: Juventus in Italy). Bayern, in Germany, is an outlier because they're incredibly stable financially and very well off.

The longer this goes on, the more the talent will stockpile in England. It's problematic.