It is these clubs who are taking the financial risk in order to attract people to support the way that they want things to be run.
It isn't, it's JP Morgan who have committed $5 billion to this 'project'.
There is already an elite European club competition for clubs to qualify for based on sporting achievement. In fact, there's 2, soon to be 3. They aren't perfect in how they work, but they're a damn sight better than this closed-shop that is being proposed.
Three pretty big clubs on the continent have already declined an invitation so it wouldn't even be a competition full of the best clubs in Europe, just the ones willing to sell their soul.
Just don't travel to away games in another country. I find TV covers that issue.
Football isn't a TV programme, it's a sport. A sport that millions of people watch live (pre-pandemic).
If you prefer sitting on your sofa and 'supporting' a club, be my guest. But accept that a lot of people dedicate a lot of time and money to travel and support their club in the flesh. Fans of clubs who qualify for the CL/EL already shell out a fortune to be able to watch their club overseas. I've had to watch games on TV for the past year for obvious reasons and it's nowhere near as good as actually attending a football match. The experience of going to a game simply cannot be matched by just sticking Sky Sports on.
A cynic would say that the traditional 'big six' has already been disrupted in recent years and that they're jumping ship now before they regularly miss out on European football.