I disagree and have held the same views since the Chelsea takeover.
All Chelsea did was inflate wages and inflate transfer fees. Then Man City added to it and made it such that a newly promoted team needs to spend 100m to survive and something needs to be in place to avoid this situation.
This tweet is just It sour grapes that NUFC cannot spend all of those PIF billions. But if they were "allowed" to spend whatever they want then all that happens is that we get further wage and fee inflation and create further inequality. It is also to preserve the future of the clubs. e.g. if all of a sudden NUFC had a wage bill which was for arguements sake 200% of turnover then what would happen if the owners walked away or were sanctioned as per RA? It is a volatile world and that could happen.
Fair point that the Chelsea and Man City take over drove up fees and wages.
But for Blackburn in the 90s, or Man City, those clubs were never gonna get near challenging without money put in. Chelsea had been doing ok before Abramovich, but obviously his money initially pushed them to the level of Man United and Arsenal.
Once the champions league went to 3 clubs in 1999 then to 4 clubs in 2002, that's where we've seen the gap start to open. Man United, Arsenal and Liverpool huge clubs already, Chelsea were around there and winning cups fairly regularly. That annual champions league income added to their already big status only cemented their position (+chelsea).
Leeds had CL football and so did Newcastle but not regularly enough to make it count, whilst both were probably already punching above their weight whilst built on sand.
A decade or so of the CL going to 4 teams before FFP is introduced has allowed them to establish their position and 'brand' and then pull up the ladder.
Imo FFP is anti competitive because it maintains the established order.
As I said if a club can afford it they should be allowed to spend, otherwise the established order will always be there. Leicester winning the league was great and a freak occurrence but it kicked the rebel 6 up the arse enough to say let's make sure that doesn't happen again. Project big picture, the super league, they want nothing to threaten their status. They want a bigger share of tv revenue from the overseas deal, which you could argue they are the ones generating it, but that again means more for their FFP benefit than mid table or lower club.
FFP just makes it harder for anybody to get close to those 6. Loads of billionaire owners in the PL who could easily afford to spend to try and be competitive, like Everton for example. If they put the money in the pot up front why can't they spend what they want? They had a go then due to FFP restrictions had to stop for a bit. The more teams competing the better imo
Edit. Didn't realise I'd written as much as that.