We are talking more so about clubs spending beyond their means. Sugar daddies are just the best examples of such. Ask the Pompey fans how the feel NOW. It's ridiculous to think they preferred nearly losing their club to not being as good of team as they were. And Newcastle fans may hate Mike Ashley for not spending but I guarantee if you ask them whether or not they would want Ashley to spend money at the risk of becoming insolvent they woud be against the idea just like any sensible fan who gives a shit about the club surviving. Truth is most fans don't understand the risks until they are in that situation.
1) There are plenty more examples: Spurs, Sheffield United, Bournemouth, Dortmund, etc, etc.
2) Regardless of their FFP situation, look at the key players Leicester City bought (Kante, Mahrez, Vardy) and what they paid for them. They didn't have to engange in financial doping to do so, nor did they need to spend 1B in the transfer market.
For one, I never disputed the chance nature of the commercialization in football. Secondly, you seem to ignore that randomness and chance are rife in all sports. I don't even understand why you think this is controversial. Sure, a side effect of FFP is that it entrenches the position of big clubs but surely this is less important than making sure callous businessmen don't bring a club to the brink of financial collapse. Also, you are completely guessing about whether a European super league will be formed so that isn't relevant.
The problem is you purposely ignoring the very real side effects of artificially pumping money into football clubs: Once the funding stops, they can become insolvent, riddled by debt, nearly impossible to sell, and potentially wound up. Like I keep saying, any match going fan or fan from the area of that said club would have very different opinions if they knew the risks of pumping money into a club.
Sport isn't designed to undo chance and sustained success. Chance works both ways. Small clubs rise up from obscurity all the time. Outliers disrupt the system constantly. Look at the current PL table ffs. It's easy to ignore recent history and past examples and just blame the established clubs, but that would be disingenuous wouldn't it?
The bolded is completely false. There is a big difference between a shitty board and a club being depending on the wealth of an owner. You can easily replace decision-makers but you cannot easily replace funding, especially during recessions or global financial crises.