That has to be the response of the domestic leagues though - for a start, letting these have permanent access to that much money is going to further kill competition in the affected leagues. Secondly, they are not going to be fielding their best teams in the league any more - there isnt any incentive to do it (since they no longer need to finish in the top four).
Most importantly though this is going to trash the next TV deal, and thats assuming they don't turn around and demand the right to sell their own games (which will further entrench them). The PL is not going to be a premium product and its every other club who are going to pay the price for it.
To use an Americanism, these proposals are a clear and present danger to the 14 clubs specifically and English football generally. The 14 clubs have to use the most powerful weapon they have, which is work with the EPL to restore some form of fairness to English football and ultimately to expel the traitor clubs from the league.