Yes lets remove the current top 7 in the league and move them into a european super league. The current teams would get so much more money with barely anyone watching the premierleague but rather tuning in to see big teams clash in the other league.
The Premierleague is only the best because of the millions of people around the world tuning in to watch the top clubs
I'll think you'll also find Newcastle United are not even remotely close to being bust and are currently sitting in 6th place level on points with Arsenal having barely spent anything in the summer.