That’s a valid concern it’s fair to say most, if not all Prem-Champ clubs are too big to fail. The clubs most likely to fail are teams in L1 and below where FFP is largely out of scope.
FFP won’t stop clubs going bust, at best it’s a road bump. What has done is ring fence the financial superiority of Europe’s elite clubs who are global brands. Man U can outspend Newcastle which is ridiculous because Newcastle have more money, have more recent success in the league but can’t lean on global revenue streams.
It’s not even protecting the teams it intends to and for that reason, it feels redundant. Wage cap systems work in the US where it’s a closed market.