You're right in that either way the rich get richer while the fans continue getting exploited. UEFA and FIFA are no saints and are unhappy because because the ones usually doing the exploiting got exploited themselves.
A lot of people take exception to to the closed shop/US franchise approach that's more explicit in that those at the top are protected and make all the cash while leaving little for everyone else, plus not having no relegations in football is shit. Watching Barcelona v Juventus all the time would lose its allure pretty fast.
In theory, any team based on on-pitch performance can rise through the ranks to the top - it's rare, but we saw Leicester come out of nowhere a couple of years back to win the league. We all enjoy seeing teams from lower divisions beat bigher clubs in the FA Cup and go on mad runs. You're not going to get that with the ESL proposal as you're simply in the league because you're deemed the most commercially successful.
