A better way would be to install a football-protection fee, by the Premier League and Football League.
The clubs that buy players, should pay 10% to grassroot leagues, 15% to nonleague teams and 5% to preserve league two and league one clubs. The top two flights of football get enough to mismanage on their own. The FA, the regional FAs etc should regulate all of this. The Premier League and Football League can set a great example of proper financial fairplay that would urinate over anything UEFA could do.