There's so much in what you say, I feel like something of a fool, especially after explaining to a great Chelsea supporting friend in 2003 that Abramovitch was looking to create a revenue source outside Russia as a hedge against losing his oligarch holdings in the country. Logically, that sort of motivation leads on to the kind of proposal we have just had revealed. And that certainly fits for Abu Dhabi owners (must stop relying on oil revenues) although the Americans are mainly just being American ie. ferociously greedy bastards looking to extend an established model in order to rake in even more money, on an even more secure basis. But why (so far) have PSG stood aside? That I don't understand. I think there are three possible explanations ie. (a) they are joining, as one of the 3 extra founding members, but just have to sort out some details before the announcement; (b) the club owners have calculated that the ESL will be unable to survive the weight of opposition to it and will collapse, leaving PSG smelling of roses as a "principled" opponent; (c) PSG could never accept a league with no relegation as in keeping with the true spirit of football and so refuses participation in such a competition. I think it's probably a toss up between (a) and (b) with (c) out of the question, but we shall see what happens. The economics point to PSG participation.