From a comment under the Guardian article:
The RS at an official level floated this "idea" a few years ago.
If such a system was to be implemented then the English top flight would soon become like Scotland and Spain, where only two clubs can hope to win the league, Athletico Madrid a few years ago notwithstanding, and then when one dog eats its rivals, it will become what Germany and France are turning into.
The relative levelness of the EPL is what gives it its appeal over other major leagues.
Start concentrating the money in an even fewer coterie of clubs and it will have the worldwide appeal of La Liga and Das Bundesliga.
I mean, who gives a stuff about Ligue 1 with its now annual procession?