The purpose of this study is to apply economic modeling to assess the impact that the transfer market in the English Premier League (EPL) has on the competitive balance of the league. This paper will explain the factors that contribute to the determinants of transfer fees and break them into acquisitions (players coming to the EPL) and requisitions (players leaving the EPL). The study will discuss the relevant theories behind the transfer market and relate them to studies of competitive balance providing motivation for the specific determinants in the study. An Ordinary Least Square regression technique is used to evaluate the performance of two models of competitive balance. The results show that the total transfer fees spent are insignificant in relation to competitive balance; however various aspects of the transfer market have a significant relation (positive and negative) to the competitive balance of the EPL. This supports the historical problem the EPL has with wealthy clubs dominating the league.