It will be a lot more competitive than if they are allowed to stay. With the extra games they will have to play they will just go out and buy the Grealish's, Maddisons, Rice's, Pickfords (ok that one was a joke) so they have two strong teams to field, with the additional buying power it will be virtually impossible to stop them.
You won't then get Leicester, Everton, us getting a chance then to break into the top 6 let alone the top 4. Then as they get stronger how long before they start dictating more and more to the PL. It as to be stopped.