RexCathedra
Aurea Mediocritas
The problem with that is you would then get even dodgier owners, who would pocket all the TV cash, and just fund pub standard teams, safe in the knowledge that they will still be able to do it all again the next season, and the next, and the next etc. etc.
It would turn Premier League teams into instant 'money trees'.
So what if they lose 7 or 8 nil each week... The owner is still garanteed 50+ million a year for just owning the club, and why on Earth would they bother to share that with players.
There would be 5-6 teams chasing European football, and 14-15 rubbish outfits acting as ATMs for their owners.
Profit-sharing and luxury taxes have created precisely this scenario in American major league baseball.
Miami, Tampa Bay, Pittsburgh, Kansas City, Milwaukee, have all recently at least from time to time been run that way.
4x gap between largest and smallest payroll -- and it's been larger.
Of course, one of the cheapskate franchises -- Houston Astros -- presently leads their division.