Because they'll just put self-interest over wider issues. This has long been the case in the EFL, where obvious changes for the better that would benefit the collective have been voted down because many of the clubs think that it might negatively impact them at some future point.
If you're not already aware of it, Google 'Tragedy of the Commons'.
Aristotle even recognised the phenomenon over 2,000 years ago "What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others."
The difference is that the PL is a group of 20, not a group of 72 spread across 4 divisions and the Premier League has shown itself to be incredibly successful under it's own governance.
They've been putting self interest over wider issues for 30 years and it's made them the most successful football league in the world.
You want to pretend that the Premier League is incapable of running itself because, but what evidence is there for that? Is it not more successful than any other sports league? Is it not growing quicker? Is it not the most competitive of the big football leagues? Where is it failing?
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