re: EPL clubs as a whole turn record profit

While I agree that FFP basically cements the large clubs, it is the culmination of movements like G-14, which basically involved the biggest clubs in Europe.

Europe's precarious financial position basically forces the hand of FFP, in my estimation, as it is similar to imposed austerity efforts through the Eurozone. While in principle FFP is a bad idea, the reality on the ground for most clubs is much different. Looking at the trials of Parma, Portsmouth, and Leeds, among others, shows you that clubs have only been recently understood as business entities. At the same time, the relatively recent arrivals of clubs like Arsenal and Lyon shows you that pragmatism can move clubs into the upper echelons of the sport. FFP isn't the final answer in my opinion, but it is a step in the right direction.