For example, http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9N... shows that Manchester United had £320M revenue in 2012; 'only' £60M of that is from those broadcast rights.
At the bottom, http://www.wolves.co.uk/news/article/wolves-headline-financi... reports a total revenue of £60.6M.
The premiership also has been trying to wall its self off from the other clubs so that they dont have relegation - unlike the NFL the worst performing teams get relegated which keeps the teams honest to an extent.
It's like one of the commentators pointed out. The Premiership is one of those leagues that even if you're mid-table, you might be safe since there are more points between say the #1 team and the #5 team as opposed to the number of points which separate the #5 team and the #20 team.
Plus, now it's just as exciting who's going down and who's staying up. As well as which teams from the Championship is getting their big break and can they stay up for more than one year?
If US teams had more of a setup like this, the story lines would be endless. I think it makes for a much more fan friendly league.
"sorry lad we love to sign you but rules is rules your going to be playing for Gillingham F.C in the second division of the Beezer homes League"
There's a far better way to help the smaller teams: Split the sport's revenues more equally.
Under the current regime, the top teams receive many times the amount the smallest teams do (e.g. more than a 9x difference between what the Constructors' Champion receives and the paltry $10m the bottom two teams are given) - http://www.hindustantimes.com/Images/Popup/2012/10/24-10-12-...
The English Premier Football League, on the other hand, splits the revenues far more evenly, with the winner receiving only 55% more than the last-placed team - http://www.sportingintelligence.com/wp-content/uploads/2012/...