It's a bit of a silly concept and shows Todd Ball-ache's lack of understanding of the "legacy" fans in the industry where he has a multi-billion pound asset.
The spin about this being a way to support the football pyramid is disingenuous. There's more than enough money flowing around the PL, which could be used for this purpose. If it did get off the ground it wouldn't surprise me to see the proceeds routed elsewhere after a few years too.
That said, if something like this were to happen I'd find a different format much more interesting..
Not an XI from "Northern" clubs vs an XI from "Southern" clubs. But an XI based on the international teams which they represent
Europe & US & Asia
vs
South America & Africa & Oz/Middle East
Players might actually get some degree of motivation to play alongside guys from their same continent
...whereas I struggle to see Salah, Haaland & Bruno Fernandes being pumped for the chance to win it together for "the North".