Let's face it this is purely for the teams outside of the EPL who can't compete with their financial muscle, the likes of Roma, Inter and AC who have fallen out of their regular CL spots lately and Bayern who can see the writing on the wall for them too.
Ridiculous thing is that what (has eventually) made the PL have an advantage of the other leagues is that they prize money is more evenly distributed amongst the clubs, which in turn leads to a better competition.
The long term solution for the other leagues should be to follow the same model, not find ways to create even more of a disparity.