These teams would still be in the PL, they are talking about guaranteed entry to a revamped Champions League. Of course the guaranteed income from Europe just makes them richer and richer, and the PL theoretically less competitive. But the CL becomes devalued (even more from the good old days of the European Cup). City have never got beyond the last 16 of the CL, they are hardly a great European club, just an already rich one. Hopefully the extra games would make the PL more open, as Leicester are benefitting from a clearer schedule now.