Fair points, but you can creatively bump your revenue by 10-20% annually. Anything beyond that will look awfully suspicious and invite much more scrutiny in today's environment than it would have in years past.
On top of that, it's not like the other teams will be standing still (we definitely will not). So if they bump their's by 20% and we bump ours by 10%, that still leaves them with a lot of ground to catch up. They're not catching up with us anytime soon. They'll be the best of the rest and occasionally break into the top 4, but that'll be it for the foreseeable future.
It is with the assumption of FFP being actually enforced, once again.
To me, situation will be clear like from now to end of 2025. If breachers get punished and City also gets punishment, then we are talking. But if not, new ways will be found to pump hundreds of millions into their toy-teams and Chelsea-PSG-City-Newcastle revolution continues.
This window and current situation is step in right direction, but all is not decided just yet.