2 years gives us chance to buy the next 2 years of talent from the EU right? So in 2 years, our excellent u18s teams (mostly Brits/Irish aren't they?) will be closer to the first team. I don't think it'll harm the quality on show in the prem, at least not for MCFC with our world class academy. This is absolutely fantastic for British/N.Irish (assuming we remain a U.K.) coming through MCFC. Other clubs have a responsibility to invest in their academies now. The lack of competition from EU talent will obviously be a benefit but I wouldn't worry about a drop in quality in the prem with modern academies - we'll just see a rise in quality of Brits/Irish in my view. Considering this, the home nations should also see a rise in quality of players when this decision bears it's fruits.
In the long-term I reckon this is good for our football, but a hit on the mega-money culture in U.K. football (less investment from TV. etc due to reduced no. of EU stars), which could be seen as a positive in reigning it in.
The lack of quality in Britain is as a direct result of a lack of proper coaching at an early age, how will this change?