Because Hull's shirts and stadium are not sponsored by a massive government-backed Thai conglomerate.
BTW - just to be very clear - I'm not arguing with you that its a horrible, horrible idea. Just that I can very easily see how they could make it work.
Final point - if there really are any...
You're being obtuse. As we've covered, it wouldn't be Hull v Palace. No chance.
Man City, United, Arsenal, Chelsea, Liverpool, Spurs - that's six 'glamour' matches straight away, regardless of the crappy opponents. In fact some armchair Chinese plastic would probably prefer to see United beat...
There is literally no chance that they'd lose money on the game. The PL would sell the right to host each match, using the model that the F1 use to sell each Grand Prix. The enormous bids from China and Qatar, etc for these rights will handsomely repay the clubs for any lost matchday revenue.
Easily managed though. You don't have to fixture Liverpool v Chelsea and Burnley v Hull do you? they're not stupid.
Chelsea v Hull
Liverpool v Burnley
United v Palace
City v Stoke
Arsenal v QPR
Spurs v blah blah
All sell out, no problem.