So much debate about relegation. Basically, relegation introduces risk at a higher probability for clubs outside the elite. It's virtually a non-risk for the elite. In a transfer-based market with no egalitarian means of distributing talent that means the % of the revenue base absorbed by the risk is higher for teams outside the elite.
This is why Leicester only happened once. It's once in a blue moon for a team to break through it. The elite are protected by relegation. This idea it promotes competition is only true at the lower levels. But then again, it is an opportunity for teams like Salford, Wimbledon, Bournemouth and others. But I think it's irrelevant to the "elite".
However, I maintain the founders of the ESL had zero intention of leaving their domestic leagues. Go away. read again and tell me there's any evidence of it. It was a threat by the EPL, UEFA and trumped up by Sky and BT. Why? Because they're terrified they won't be able to capitalise on it - it's already since been revealed as expected that the clubs would sell direct to consumer and cut out the parasite TV companies.
So frankly, relegation in a pyramid context, though it may interesting for those of us who like to learn about other sports and definitely a fair challenge to this myth that European football is competitive at the top level when the big leagues, and smaller european leagues, are clearly the most one-side of all the world's sports organisations. It is still ultimately irrelevant to the ESL debate, which was about replacing the corrupt UEFA revamped UCL with a system that would allow clubs to actually keep their money and give 1-2 lucky clubs outside that elite every year the golden opportunity to partake in it - which isn't exactly different to what we have anyway.
I know everyone on here hates me but in my view the whole footballing community, and opportunistic Rugby-loving Bojo who doesn't even have a team, have gone way off topic on ESL - so some successful obfuscation by the TV companies and UEFA then.