The EPL is, as I understand it, envied by the German, Italian and Spanish league with mutterings of unfairness, inflation of transfer fees etc. yet the EPL hierarchy, as others have posted, seem intent on damaging the reputation of their own product. Or possibly, in the case of those pushing the PSR agenda are too self interested to realise they are cutting off their own noses to spite their face.
If they destroy Everton, Forest, Newcastle, City and any club that might threaten what they see as their divine right to share all the spoils will they pat themselves on the back for a job well done?
It just doesn't make sense and this obsession with spending and financial issues serves only to deflect from the USP which is the sheer competitiveness of football in England where it was and should again be possible for previously struggling clubs (see Brighton, Bournemouth, Luton for example) with good management and investment to make the premier league, as did Oldham and Bradford years ago, albeit briefly.
If all this is motivated by the self interest of Arse, Rags, Dippers and Spursy then it is, as a previous poster mentioned, akin to the disgraceful, corrupt self interested behaviour of the Post Office management.
The failure by the media (Martin S apart) to realise what is going on while they continue to kiss the arses of the red tops is equally disgraceful.