Worse even than expected. To be clear, this is the effective privatisation of the Premier League, with the top flight of English football passing into the hands of the Big 6. This is an abomination. https://twitter.com/TeleFootball/status/1315242246594322432
Disaster capitalism on steroids doesn't even begin to cover it. In return for passing some of their ill-gotten gains back to the rest of football, they convert their de facto running of the game into permanent control of it.
With these changes, anything they wanted would follow. Set up a Euro League but want to keep teams in the PL? Approved. B Teams in the league? Approved.
I previously described allowing B Teams in the EFL Trophy as like a rabbit offering to bite off its own leg if the fox would only agree not to kill it.

These proposals are akin to a loan shark agreeing to pay your mortgage in return for a lifetime of domestic servitude.
Rick Parry is not acting in the best interests of the pyramid and should be fired.
I can't think of any sports where a small group of clubs have this much power. Think of the leagues where a small number of clubs exercise disproportionate levels of influence - Barca/Real, Celtic/Rangers, Juve. Are these healthy leagues? What if that control was formalised?
It is not hyperbolic to say that this would be the end of English football as we know it.
PS: without even abusing these powers, the extra value of being a club that has special status means that nine club owners would immediately see an increase in the value of their asset that dwarfed the size of the bailout. They will own the Premier League and make a profit on it.
Fuck the Premier League, fuck the people who proposed it and fuck the EFL lackies who are indulging it.

Walk away and start again rather than accede to this.
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