You make a solid argument. Alas, the majority of matchgoing football supporters in England support a club outside of the Prem, and oft-overlooked point outside of (and indeed within) these shores. And it's hard to imagine any one of us accepting that a more competitive top flight would be a fair swap for knowing that the top of the Championship was the best we could ever hope for. When we had our glory days of 92-95, we were on the brink of the Prem. This little club from Birkenhead that had always been overshadowed by our neighbours across the water were making waves and had a very real chance of breaking into the top flight. We knew full well that if we got there we wouldn't last long but it would have been very much worth it. We played football in a way that critics felt was the best football outside of Old Trafford, St. james Park & Ewood Park in those seasons, with a classic 4-4-2 formation featuring two exciting wingers and the greatest striker of all-time. John Aldridge and Pat Nevin wouldn't have come here to try and be the best of the rest, they came here to try and get us amongst the best.
Relegation has kept clubs in check. Leeds erroneously tried to spend their way to the title and beyond, and the price they paid was relegation. Would they have been even more careless if there was no bottom to fall out of?
The key point that I always try to make is that there is so much more to football than the 'big four'. It's easy to look at the Prem from outside of England and think it sucks, what is the point in being one of the other teams, but it just doesn't work like that. The top four can be cracked - Everton did it ahead of a team that won the European Cup just a few years back, Tottenham were a dodgy Lasagne away from it, and Villa gave it a good go for 25 games last season.
We can go on about more competitive leagues until the cows come home but the point is what is the point of artificial competitiveness? It's why I'll agree if people say that maybe there should be checks on teams being funded from outside of their natural revenue stream, but can't agree with people who say it's wrong that Liverpool & United have always been there or thereabouts on the basis of their big budgets. Believe me I don't enjoy it, but they have historically earned their budgets through being well-supported clubs in footballing hotbeds - I don't know about Manchester (I'm sure it will be the same) but round here football is like cricket in India. You are talking about one of the smallest counties in England and it sustains two top flight clubs and a third tier club.
Why should Liverpool or Man United share the money they have generated with Portsmouth? The TV moneys are split on a basic even, and then top-ups provided through finishing position and times shown. The rest of the money is up to the clubs to earn themselves. And they earn this through having huge fanbases.
And then there's Arsenal, the only other club as successful as those two over the years. Until recently they didn't get the biggest crowds because their stadium wouldn't allow it (in fact I think Tottenham may have had bigger attendances) but are a well-managed and ran club who became one of the big four that way.
I'm not naive enough to think that foreign billions haven't had an effect, and of course the money that liverpool and United now have isn't all naturally generated as they've been taken over. But why were these clubs taken over by those from overseas? Because of their pedigree, which they've earned through being successful, which they achieved because they have always been well-supported.
I'd rather see a true reflection of things than rules be forced through to make things more competitive. At the end of the day we can say it's a problem all we like, but people continue to go through the gates in massive numbers, they continue to buy the Sky subscriptions, and the boozers are packed out for the games. English football fans may complain about never being able to break the big four, but any change to the system would fundamentally change the way football works for the worse.