I think that's a bit unfair. There's plenty true in your argument, but I think people have a tendency to dismiss America in Europe a little too much.
There are certainly people in the States, mostly businessmen, who come up with strange ideas, but if you look at how their sport is run, it has a lot to be envious of. The NFL's draft system ensures that struggling teams get the opportunity to keep up with the best, which many European football leagues would benefit from.
It's like the famous quote from the Cosmos; the businessman who supposedly said (talking about Beckenbauer), "Why is our new star signing at the back? We pay that much money we want him scoring goals." It's an anecdote, and clearly complete b*ll*cks. American sports are unbelievably tactical, and value defence as much as attack.
There are many things wrong with the States, but it's important not to go too far. The Premiership can hardly be absolved of putting cash before entertainment.
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