I think it’s never been MORE distorted.
But I disagree with the idea that the way to fix this is to let in more big money ownership, so that a few clubs can try to ‘catch up’ with the most dominant clubs. That will make it worse. On the contrary, more financial controls need to be implemented that limit the ability of any clubs to financially dope the sport. It’s not a popular idea, but the alternative is just a few clubs getting bigger and bigger and the gap in finances widening indefinitely.
Then surely you just lock in the advantages already held by the few.