To bridge the gap to the teams with CL money requires risk taking that puts the club in financial peril. We tried an failed.The Premier League stinks anyway, being completely honest. I'm personally seriously bored with it.
Thd best thing would be for the top four or six clubs to leave and join their European league.
What is actually important is an actual competitive and fair competition. The quality of football is secondary. It as an entertainment business, and when only a few stand a chance it will eat itself.