Not true at all. The deck is completely stacked against the BPL clubs, in fact. Not only will their fanbases revolt, already this is perceived as a Yankee cash grab done during the Pandemic when the power of the fanbases is weakened, but Boris has already come out to say the government will do whatever they can to blow it up. The FA, the football leagues, FIFA, and EUFA would smother these clubs if they all separated off by simply banning athletes who participate in the competition from all FIFA/EUFA sponsored events.
The truth is, this is a negotiation tactic rather than anything else. Liverpool's ownership was trying to strong arm the Premier League a few months ago as part of negotiations to save clubs lower down the footballing pyramid. This is more of the same, with more pressure applied on the BPL as well as the UCL. At the end of the day, American owners can't stomach the fact that owning a European super power carries the risk of the value of the investment going nil. Unfortunately for John Henry and co, the sense amongst the British Public is that the goal of American owners is to first lock in their value and then milk their clubs for profits going forward. If you're American, you may think they have a shot of pulling this off. If you have European roots and understand what the sport is culturally on the continent, you would know this is nothing but a PR nightmare Europe's elite have stumbled into.