I have no doubt that we will come out of it all ok and when it all kicks off, the majority of us will still be watching and arguing on here about how poor X player is performing etc etc.
It’s the other clubs that won’t be ok. What are they playing for exactly? They will have a fraction of the money of the 6 clubs involved, so unlikely to ever seriously challenge for titles. Those like Leicester and this year West Ham, are fighting tooth and nail to finish top 4, to play in the CL - no point in them doing that in the future because Arsenal, who have just finished below them, are founder members and ring-fenced in the new competition.
The clubs involved have decided that 100+ years of domestic competition is something worth selling for the right price.