Of course it could happen. Whatever the guys with money want they will get - the simplest of simple rules of life. However, it'll take a clever PR toad to wash it. Maybe something along the lines of requiring the promoted teams to meet a certain (impossible to reach) set of financial criteria. Then it wouldn't be the fault of the fuckers fixing it, would it? It'd be the fault of the victims. And so the holy rules of corporatism could be preserved.
What really needs to happen is for all the foreign owners to be kicked out until they can prove they aren't thieves and blood soaked gangsters. Before that can happen all hand wringing liberals need to be killed. But that should have happened a long time ago anyway so this would be a great way to correct the glaring oversight.