Your nickname says all we need to know about your bias in this situation but let me try to 'discuss'.
First, the PL is not La Liga where people care only for the two big clubs with a sprinkling with Sevilla and Atletico (not Athletico btw) Madrid (who both inevitably bottle the league to the former two in 9/10 cases).
The PL is built on equal distribution of money which allows for excitement in most games and unpredictability of the outcome each season(title, top 4, relegation). We have already seen that allowing Citeh to spend their way to a league title makes the league winner less unpredictable/exciting. Why should crap teams like Spuds and Arsenal get to benefit from big money when they've proven they're not good enough to compete with West Ham and Leicester?
Secondly, I would prefer to watch crappy little teams than these plastic big clubs owned by Yanks in a league facilitated by Yank banks (JP Morgan, please). Americans have proven time and again they have no understanding of European football in relation to its meaning to fans and communities, so I don't want them to have even an ounce more influence on European football.