It truly is wrong but this has been on the cards for a decade or more, as soon as Manure were taken over there were conversations about how the big teams could isolate themselves in the PL and how big european games could be guaranteed. The owners of those clubs dont want to be playing FC Khimilnitsky in some freezing east european backwater, they want a revolving door of Juve, (un) Real, Barca, plus a few others that will guarantee advertisers, because the point of view here is they are not even trying to appel to fans, they are just appealing to advertisers.
There is a baseball stadium in the states that has an aquarium that goes all the way around - why? why would you need that? I get the baseball is for most, a more boring version of cricket, but if you are not intersted in the game why would paying several hundred dollars for one of the premium seats at a game and that is the only place you can actually see anything, why would you pay those several hundred dollars to look at a mundane aquarium. If you are interested in the game you will be watching the game, if you are interested in aquatic creatures there are lakes, rivers and oceans and ** amazing aquariums all over the world. It's an appeal to advertisers, an appeal to the real revenue.
The thing that stops this is advertisers refusing to get on board, and what stops them getting on board is customers of those companies telling them, by not buying / using their products. The big problem many of the companies involved in sports sponsorship have already got their own markets sewn up; think Visa, Mastercard, or are so big this is how they maintain recognition beyond the smaller competition who just cannot buy that level of exposure. The same financial companies behind big football clubs are behind other big companies, its an entirely m*st*rbatory approach and has the same results.
FIFA, UEFA, the FA, PL, EFL, la liga, FFF et al, bear as much responsibility and are just as big a problem as this new league, all of them are running some form of cartel that gives preference to a small minority of participants, or are fundamentally corrupt.
Personally I would say let them go, and let football come back to those who actually watch it.
It would be interesting to see the professional and semi pro clubs (c120 pro, 4/500 semi pro?) plus all the amateur clubs in England decide to get on board and tell these six to just f*ck right off and also to start putting demands on the FA, EFL and PL to run the game for the game, not for the corporate interests or the interests of those who are currently in charge of the various bodies.
Of course you will get the self interested owners of Wet Spam, and Newcastle and a few others looking to get on board, plus the aforementioned administrators looking to protect their own personal interests (looking for administration jobs), so getting a concensus would have to start at the bottom. but you could see the effect of a few hundred clubs pulling out of the FA cup, or 60 or so clubs pulling out of the EFL and starting anew. . . . . . . . . and then i woke up.