Some cracking stuff on this thread, and great to read a courteous debate. My two penneth for what its worth.
1. The genie is already out of the bottle for the super powers, so I agree with those that say 'let the top 4/6 teams go and form a super league'. They will never want to share the money they get, and for the past 50 years or so there have been very few instances of anyone breaking into the top 6 of MAn U/Liverpool/Arsenal/City/Spurs/Chelsea (Leicester aside), and I don;' think this will happen again, so let them go off into the sunset. They don't care about fans, just money
2. It seems like there are 3 or 4 different types of owners of clubs, with different aims:-
a) Mega rich vanity owners with money to burn
b) Mega rich with money to launder
c) Sort of rich, but with dodgy dealing and looking to make a quick buck, or consolidate their debts
d) benefactors who want to develop their local team (some vanity projects, other well run clubs)
3. Most normal fans care about glory, not money. we would like to win cup-ties, leagues etc and have days to remember. I think most fans, even Prem teams at the bottom would like that.
4) to do that, and for football to succeed, I think we all agree that the monies have to be shared more fairly. But this is not going to happen with the top 6 holding all the money and the power now. What I would like to see, is let these go, then form new leagues with prize money more fairly shared, and TV deals that cover the whole league. After the top 6 go, I would suggest that we only have a couple of other teams who are perpetual top level teams (Everton, and I'm struggling to name others), whilst most of the rest have a tendency to bounce up and down a bit. We have a long list then of 'big' teams, who have recently been in the Prem, but have also suffered relegation to Championship and lower. I wonder if they would like to see a model whereby there is not such a massive gap between boom and bust and they could guarantee a steady income stream, from their shares of the league TV rights. Yeah lets have different revenue depending on the league you are in (Champ, L1, L2) but not such a massive gap.
5. The recent pandemic, financial woes etc should make football authorities think twice. Someone has suggested that The Prem are happy without fans...I sort of get that, but the football served up post lockdown, with no fans in so boring. I wonder if the TV companies will continue to pay mega bucks for such a dull product. I suepct that the paying public will be thinking twice about paying their TV subscriptions for such a product. Similarly after a couple of years, how many will pay to watch a European Super league. Already I think the Champions League has over saturated things, with the pre-Christmas group stages being a bore, and not watched by loads. I wonder if BT Sport are getting a goo return for their money.
6. Finally, as has been mentioned, this need an unbiased, independent governance model, but hopefully made up of people who know the game, and are looking at the long term interest of the game. Ex-players, some owners, some fans groups, TV reps etc all working together to get a sustainable model.
7. Finally, finally, I would also impose a levy on clubs of , say 1% of their revenue to act as a fund to help out histroic teams in trouble, and a levy on agents fees, and payers wages to do likewise. We need to try and stop so much money leaving the game.
All IMHO of course.