No.
More like the old powers/old rich against the new richer money. Same way less rich nobles would despite way richer commoners who were trying to 'buy their way' into their class/caste. They felt the same way about Abramovitch but it took time to elaborate a scheme to stop other clubs doing the same thing.
Now, ask neutral fans, they see City and PSG as cheat and Chelsea as a legit big club. Pretty funny. The funniest thing is that among them are Chelsea fans despising both our clubs for what their own club did. They then say that the model has changed and they are sustainable now. Isn't it what our owners are doing too ? PSG 200 M QTA replace by Nike/Jordan, Accor and co. City looking for a new sponsor to replace (and upgrade) Etihad deal.
I'm thankful for our owners because even when they will leave, they'll let the club with strong structure, brand and income.