It’s exactly this type of behaviour that FFP encourages. You have a three year window to make the CL, if you don’t you’re pretty much screwed for the next three years and then 6 years later you end up in the exact same position you were if you’ve been lucky enough not to go down (which is pretty much where we will be in a season’s time)
As you said Villa are currently making a run for it, maybe Newcastle will too, Leicester had a go. It’s a complete closed shop. In the same period the clubs at the top are picking the bones out of you when it suits them and spending eye watering sums on whoever they want. There’s no FFP reckoning for United or Arsenal being poorly run during the same period. They just get another unlimited pot of money to start again with.
It helps if you don’t spunk all your money and go backwards during that window though as well.