I agree, I would do away with the parachute payments for a start, there is 180 million ish right there to spread among league 1/2 and championship sides.
The FFP at every level is a joke. It's a rule brought in that will only punish clubs the UEFA want to, how are Monaco with crowds of about 4k anywhere near the FFP for a start but UEFA won't touch them.
It's the same in the football league, it will be someone like Yeovil punished