Caporegime
The money chat in here is interesting. FFP rules actually hamstring sides that don't already have huge commercial revenue and worldwide appeal. You can't spend unless you generate revenue, and you can't generate major revenue unless you're winning trophies and in the Champions League. Man Utd, Liverpool, and probably to an extent Arsenal just have a baked in advantage due to their global, historical appeal. Is that fair? It's probably better than the alternative of Man City\Newcastle just buying the league but it does mean if we're going to progress then it will be a much longer journey, with major investment in facilities, youth and commercial revenue streams required.
Its not fair no. I don't know what a fair way would be though as that horse has kind of bolted. The only things they could do to actually make it remotely fair would just absolutely kill the PL. The fact is, City have bought their success. United have tried and failed massively
At the end of the day, I don't know how bad it is when clubs spend silly money as the market is the market. If PSG want to spend a billion euros to not win the CL and win the domestic league then go for it.
It would almost be better if the likes of City didn't lie and cheat and were just open about how much they pay and spend. The smaller teams will have whatever money they have and the market will set the tranfer fees. Teams can only have so many players so if the very elite players end up at the same 5 clubs then so be it. The other 99.9% of players will still need to play somewhere and there will just be a slightly more extreme version of the current market.
Teams will sell their star players for silly money and then someone else will fleece them based on their new influx of money.