LONDON -- Some of the Premier League's foreign owners want to abolish the relegation and promotion system, a senior English soccer executive said Monday. With half of the Premier League's 20 clubs under foreign ownership, League Managers' Association chief executive Richard Bevan said if more teams are sold to overseas investors they could force a dramatic change to the rules. "There are a number of overseas-owned clubs already talking about bringing about the avoidance of promotion and relegation in the Premier League," Bevan said at the Professional Players Federation conference in London. "If we have four or five more new owners, that could happen." Source:ESPN
Personally, I wish more sports would do this but I can understand their stance on why they want to change it.