Here's a proposal.
Reduce the PL to 6 clubs, let them play PL and Champions League games ad nauseum.
Top 4 get Champions League, bottom 2 get relegated, to a new Division 1 of 20 clubs.
No entry to FA Cup or League cup for PL clubs. No parachute payments.
New Division 1, of 20 clubs, top 2 get promoted, (if they want it) to PL and also qualify for Europa League.
New Division 2, 3 and 4, each of 22 clubs.
3 up and 3 down, for all leagues, even down to National League.
FA Cup for all teams below PL, mid week replays in all rounds. FA Cup winners get a Europa League spot.
League Cup for Div 1, 2, 3 and 4 clubs only.
No EFL Trophy.
Strict Wage caps and fair distribution of income throughout.
Another thing, no loan fees, and no loan wages paid.
If you've got too many players, you either loan them out for free or let them go.
Match of the Day Live on BBC1 3pm every Sunday, showing any interesting game from any Div 1-4.
This started off as a tongue in cheek rant, but by only having a 6 club PL and 2 relegation spots, only 4 clubs would have successive PL seasons.
Last thing, when we do eventually live up to our potential and get in to the PL, we can look at changing the PL to allow 8 clubs in, just in case we have a bad start to a season.