This will end up as things always end up in football.
The big clubs will threaten a breakaway European League and FFP will be discreetly brushed under the carpet.
Money talks
the thing is Chelsea, City, PSG are not big clubs. Liverpool, Real, Barce, Manu, Juve, Milan, Inter, Arsenal, Bayern have the real power here. These clubs are not financed in the same way as the others and do have the fanbase to compete. Chelsea have made big strides though.