Well you're not wrong. In the UK prior to the Premiership money was split between all the teams in the league based on how their final league positions each year. The likes of Man Utd, Arsenal, Liverpool, etc decided that they didn't like this so formed the Premiership whereby the Premier League teams got the overwhelming majority of the cash and everyone has had to live on the scraps that were left for them. Prior to the Premiership you almost never heard of a club going bankrupt. Since then there's been plenty.