Well the scum think they are
After all it does mean more
Well there's a different between a spoilt person's feelings of entitlement, and a legally defensible perspective.
Lets take the blue tinted glasses off a moment, if they were unable to seal the title this season it would be very unfortunate. However people seem to construe very unfortunate in a sporting context with an ability to litigate successfully in a legal context. The two things are different.
Of course our legal system is to some degree based upon a shared sense of morality, and there is undoubtedly overlaps, but as morality means different things to different people the law doesn't really get involved too much in that. It focuses upon what is provable and with a couple of areas which are sacrosanct (and contract law, in European capitalist states is one of them).
A lot of the time a lot of the contracts are not morally fair, however we are built upon a principle of contracts are enforced, or the system collapses.
This will sound odd, but a court would look at Liverpool's situation and they'd have a hard time proving loss of earnings as a result of not winning the league. I imagine they will still get the lion share of the TV revenue, they will still qualify for the CL. Leicester would have a potentially better case, as they may lose out on European revenue.