Then the EPL permanently loses a huge portion of its International fan base which kills future TV rights negotiations. Man City has an international fan base of 390 million and is the fastest growing fan base. The entire population of England is 58.8 million.
I know I will immediately cancel my Peacock subscription here in the U.S. The EPL can expect to lose hundreds of millions of dollars of future TV revenues if they nuke Man City. Most professional teams are motivated by more money and every other professional league is massively growing their TV revenues due to streaming competition.