The issue with the PL making the rules is that they are clearly not impartial under the baleful influence of the redshirts. The ‘associated‘ rule and the group rules were clearly aimed at us.
The rules must be justifiable as genuine efforts at fair competition and as protection for clubs against rogue chairmen. That is the problem with UEFA ffp, the G14 simply refused to accept any regulation of debt and that has skewed them ever since.
Against that, I take your point on current regulators: look at OFWAT and their failure on sewage spillages, for example.