Just letting everyone spend whatever they want doesn’t end well either. The world is becoming more unequal, football would too. As nice is it has been for Man City to deny classically dislikable teams that would get old soon too.
This system is flawed because it is already biased to bigger teams without letting others close the gap. The do nothing system is flawed because it rewards who has the richest owners rather than anything else. I’m increasingly moving towards wanting a spending cap that isn’t dictated by revenue, losses etc. but is purely an absolute limit based on spend over the last x number of years. Maximise number of transfers allowed, don’t reward pure profit academy sales. Allow other teams to catch up and reward savvy transfers, good management and importantly great support.
A pipe dream and not thought through but anything to stop the accountants or Chelsea winning.