roydo
in memoriam - 1965-2024
If you go down, you need to sell your high wage earners and reboot. The EFL does give the relegated a bit of a financial parachute to lessen the blow, but it is a risk you take when you spend and fail.
Like I said, it is nuanced. In England, the PL does not exist in a world without the league pyramid. There is not too much money in football, it is where it goes that is the cause of most issues. I dont know what the answer is, there probably isnt one that keeps the pyramid intact, yet allows PL owners to spend whatever they like. Esp if two clubs are state owned, and 2 clubs have global revenue that dwarfs everyone else.