FFP is deeply flawed and still allows for clubs like Man City to have their dubious financial models. But a salary cap which helps to promote stability and competition across the leagues is surely a good thing, no?
I don’t really see why clubs with bigger fan bases should be allowed to spend more money, to be honest. If you’ve got that extra money, cut ticket prices, build the best training ground you can, make your academy as good as any Premier League club, invest in the community, don’t just pee it all away on players who’ll be up the road as soon as they get a better offer.
You’re probably right about clubs finding a way around it though, given how bad the EFL is at drafting and then applying its rules. We’ve seen similar things happen in rugger too, I believe. But I don’t think that’s enough of a reason not to try to improve things because without it the race to the bottom will surely continue and, in the long term, I can see the PFA having to pay a lot more of its members’ wages as other clubs follow the example of Bury or Macclesfield.