The PL is undoubtedly very successful commercially the fans who flock to watch matches do not choose to support a team because it is successful commercially or because the PL is and the PL seems determined to ignore this. Chris from London points out, quite rightly, that certain clubs have excessive influence on the PL and I would suggest that our "problems" with UEFA arose from the existence of an alliance with other like minded clubs in Europe, Hence, the "independent arbitration" of CAS which you favour found itself ruling on whether City had broken a series of regulations which are very arguably unenforceable in law and which were not introduced by any process of consultation but by a "discussion" with the ECA, or at least, officials from Bayern Munich who claimed to speak for it. Thus European football was lumbered with regulations which limited severely the rights of owners to invest. What organisation refuses investment? And now the PL is in the same cul de sac. One third of the PL are facing proceedings for allegedly breaking PL financial regulations. Hardly the sign of an organisation where commercial success spreads its benefits to all. But then these regulations never intended that.
What is not needed is independent arbitration but an acceptance that the present regulations are actually anti-competitive and shouldn't be enforced at all. This raises the question of what regulations should be enforced and experience shows that the PL's hand is stone dead on this question. No-one is actually suggesting that the minister for sport and culture should dictate a set of regulations but wide ranging discussion is necessary and fans' organisations have to be at least consulted. I believe that a truly independent regulator is essential to these discussions and to prevent the PL ever again falling under the domination of the "red cartel".