You are forgetting that what started out as a competition to benefit L1 & L2 clubs now exists to benefit the Premier League. Of course it would not get cancelled.
Exactly. For their huge youth team squads which they’ve amassed in part thanks to the EPPP scheme which ripped the heart out of lower league academies. The competition is a joke but many clubs like ours will, sadly, be even more desperate for the few pennies from the Premier League table.