Just looked into this a bit further....apparently ALL games would be played in Arab countries so there would be no home games at all. The majority of attending fans would therefore be arabs, locals and tourists.
Money will be made through TV rights, don't see this happening soon, same concept as the breakaway league which was the reason of doing the Champions league. This can only work during the inter season period as resistance will be huge from all country leagues, UEFA and even FIFA.