It really doesn't matter if this is just a threat designed to force UEFA and the PL into throwing even more cash at the "big" clubs, or if it's a determined proposal that will see the dark of day. These (even greedier than UEFA and the PL, if you can even envisage such greed) "big" clubs win no matter. And the "small" clubs (like Leicester) get fucked.
It would be better to throw these clubs out, take the pain, see the money drain out of the domestic game and then build from scratch. Local players, local fans, cheap tickets, sane wages, part-time players even, and maybe football could be reborn. The prawn sandwich day-trippers were never fans anyway. They'll always chase the loudest, brightest hype. So you'll get genuine fans back into stadiums (if Doris allows it) and kids who actually want to play football rather than model women's clothes and knock about with slags. And then we can do it all again but at least we'd get a few decades of decent sport.