The best model for ownership is the german 50+1.
However, nobody in EPL will accept that, cause it's not as profitable for smaller clubs, cause under 50+1 you get what you produce which means a bigger club with more fame and clout, inevitably will make more money, and thus create a natural imbalance that will become unbreakable at some point (see Bayern Munich).
If 50+1 was a thing in England, pretty much obvious that Liverpool and United would completely dominate EPL over the Chelseas,Citys, Newcastles, Tottenhams, Arsenals,etc as they are 'naturally' the biggest clubs in England.
No sane club in England will choose 50+1, cause that means straight giving the leadership of the EPL to United and Liverpool.