I say the entire move would be a disaster. Even the padded 'home-grown' version of it. The English Premier League is the best in the world for a reason. Anyone can play. Changing this would be the worst decision ever.
The problem isn't with the foreign players. If the FA wants more players in the EPL then they should spend more money on promoting football academies and sport in general in the UK. Make the local players better instead of forcing the foreign players out.
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