It has to be crystal clear in the regulations, no club can have a net debt of x amount by a certain date or the TV payment will be withheld until it is reduced to the level deemed that the club won't go bust if a owner tries to overspend to get promotions/win trophies.
then a ground get sold and leased back to clear balance sheet and you have coventry. I agree with your principle, but just playing devil's advocate. For every billionaire there will be someone who wants to profiteer and history shows that clubs will be run into the ground and out of existence









