To be fair, this idea, if passed, will not hurt us that much. We've got lots of gates, we've been a big club in the support side for a long time. In Manchester. Already now, are we creating a fuss elsewhere and creating foreign fanbases. More revenue to come.
2012 is 3 years away. We've spent £240m in 12 months on transfers. We will spend perhaps £60m in the next 12. Then £40m. Etc. By 2012 we will be on par with the revenue policy, if it comes in, no problem.
Not to mention, any outgoing transfers would be football revenue too. With the names we've got, we've got quite a bit of assets already.
Plus, we've got our beloved academy which Chelsea etc. can only compete with through the transfer window. So we might actually benefit from this.
However, I'm disappointed by the concept because this would not enable any future 'city' cases to rise. Notts County won't make it to the prem, Swindon won't get £100m to spend, etc. Shame. That just makes the game more exciting, creates more fuss and global attention, thus helping football in general.