It actually applies to Bournemouth more than City... You didn't read my post correctly. The PL is getting too much money for its broadcasting rights. Many broadcasters (the PL's sugar daddies) are losing money doing this. The majority of the clubs in the PL are getting a lot more than what they generate for these Media groups (some media groups aren't really expecting a return on investment anyway).
To understand my thoughts further, and why I expect the ESL to happen in the near future, unless UEFA is given enough power to make it impossible.
So your argument that PL clubs are living beyond their means is based on media companies over valuing broadcast rights on the open market? Going so far as to call them sugar daddies? Do you have anything to actually back that up? It strikes me that the people best placed to value those deals are the (largely publicly listed) companies paying for them. The PL has been extraordinarily successful in promoting their brand over the last 30 years, which has led to the valuations of its broadcast rights. That itself has been built on global demand for the content. What it doesn't equate to is PL clubs living beyond their means. They are largely living well within their means. If broadcast rights were to diminish in the future, then the likely scenario is PL clubs reducing their spending. But until then, they are spending within the limits of the enormous TV deals they get.
I will agree that this phenomenon has resulted in even mid table English teams having the financial power to outmuscle some of history's continental heavyweights. But that isn't in itself fundamentally wrong. It's just a symptom of the extraordinary financial success of the league. It's also a driver for the ESL, because (a) the afore mentioned European heavyweights are struggling to keep up, and (b) clubs like Juventus and Barcelona are the ones that have been living beyond their means. Hence the increasingly shady transfer deals and sale of assets to comply with FFP and not go bust.
Frankly, the other European leagues should've taken note of the PL's success in the last two decades, rather than try and limit it. La Liga for example was essentially a closed shop for TV rights negotiation. The PL was so successful because of the equality of TV money distribution, making it more even playing field and competition more readily appealing to the viewer. By strengthening the collective, the strengthened the individual. Spain in contrast, had an incredibly long time where two clubs took 80% of all TV revenue. A greedy, disgraceful situation which strangled their competition, and consequently throttled demand for their product with international viewers. It was only about 5 years ago that the team that finished 3rd in La Liga, received less TV money than the team that finished 18th in England.
The Premier League, is to all intents and purposes, already well on the road to becoming a super league in its own right. You already have the league awash with broadcast money, which means the middle tier clubs don't need to sell their players except for enormous fees and can attract top talent from abroad. Then you have the big six - with exceptional financial power, pulling power, and prestige - being a grouping of clubs unmatched in any other top league (the BL has Bayern, and to a lesser extent Dortmund; Italy has Milan, Inter, Juve & Napoli, who are all weaker than the PL big six, and Spain which has Real, Barca and Atletico, and perhaps Sevilla, but only two of those have any significant financial clout). On top of that you are starting to see other clubs coming into the mix because they make such attractive options for foreign investors. Newcastle recently, and they could become a real player over the next 2-3 years, giving us a big seven. Everton is on the market and have a 600M stadium under development. And there isn't just a drain of top playing talent going to the PL, there is also a brain drain of the top managers, recruitment personal, and directors slowly happening.
All of this is only going to make the PL more and more competitive internally, which will make it a more and more appealing commodity to broadcasters. Most estimates say that broadcasting rights haven't even begun to approach exhaustion, and the growth of overseas markets is only going to keep going up and up, driving more money into the PL. Then there is the potential for streaming rights to mobile devices in developing markets, which is seen as a huge untapped market currently. So if anything I would say the full value of those deals has yet to be realised, rather than being overvalued. On Forbes most recently list of football clubs valuations, 12 of the top 20 were from the PL. I just don't see where La Liga or the BL can compete in terms of the PL's global appeal any time soon. They couldn't even come close during an era in which they had both Messi and Ronaldo. Now they are both gone, and without those figureheads, the league has much less appeal. The Italian league has a paltry appeal internationally, and generally suffers from poor attendance and poor stadiums. The Bundesliga is probably the most fan friendly league out there, great attendances, great stadiums, fan ownership, great atmospheres, but next to no actual competition or unpredictability. So while it is very popular internally, it doesn't have the star power or the competition to be appealing internationally.
Hilariously condescending, and complete bullshit.