Of course it won't happen, because that was why the Prem was created in the first place to get the TV revenue for itself. Unfortunately our beloved club voted for this.
As did Notts County and Luton, who were members of the last old Division 1in 1991-92, but were relegated that season and have never since been within sniffing distance of the PL.
I did often wonder why the "lesser" teams in the old Division 1, who must have realised that the PL would skew things towards the 4-5 biggest teams, just not tell the said big teams to get lost and play amongst themselves if need be.