There's a sensible middle ground though isn't there. It doesn't need to be one or the other.
None of us like Newcastle. None of us like the way that they, Chelsea and Man City have improved their standing in the game. I'm not going to defend them anymore than I partially have above.
My problem with FFP is that there are 14 clubs in the league who have to earn the right to spend money, and 3 more (Arsenal, Spurs and Liverpool) who have a significant advantage over the rest but can't take the piss to the same extent that the last three clubs apparently can. All I want to see is a Premier League where it's actually possible to disrupt the established order by running your club well. Your club are a great example of one that's taken advantage of the actual meritocracy that exists in the rest of the English football pyramid. Multiple promotions and now established in the top flight. But why does it have to stop there? Brentford will never be able to establish themselves anywhere near Man Utd, for instance. I think a Brentford should be able to overtake a Man Utd within a time frame of say 5 years if Brentford continue to manage their affairs well and Man Utd continue to almost sabotage themselves, because it's a sport and it should be a meritocracy. Currently, Man Utd can continue to just spend and spend because of their brand and because of their financial advantages born out of them being well run a couple of decades ago.
I'll also hold my hands up and say that if Everton didn't enjoy the same advantages (to an extent) over Luton, Brentford, Bournemouth, etc because of our long term position in the game, that the "big six" enjoy over the "other 14", then we probably wouldn't have avoided relegation over the past two seasons, and we couldn't have had any complaints because the club has been run like an absolute shambles, to prove I'm trying to be impartial here and not just attacking the "big six" because I'm bitter and jealous.
I'm not going to sit here and pretend to be an expert but what I'd like to see is a set of financial rules where your permitted level of spending is based less on your overall income and wealth and more on the money you make from your footballing operation (player trading and prize money). That way, if Man Utd and Chelsea spend loads of money on poor players who decrease in value, they actually have to pay the price by not being able to spend even more improving their squad. Meanwhile, a team like Brighton who have made an unbelievable profit on player trading because of good scouting and coaching over several years, can be the ones who eventually start spending £60-80m on players who can allow them to compete for Champions League spots and eventually even titles if they keep doing well. And the current top teams get to stay where they are so long as they manage their affairs at least as well as the clubs below them.
In an ideal world we'd just have a flat budget cap across the Premier League and then we'd really see who the best run clubs are and who "deserves" success.