God YES.
It would be wonderful.
However for various reasons which no doubt others have mentioned ( didn't have time to read posts) it's very very unlikely to ever happen.
More likely I think is some kind of North Atlantic league involving the best teams from Portugal,Holland,Scotland,Begium etc.
That would be good as well.
The main point is that it's a 'tragic' waste that such HUGE clubs have to play dross week after week after week.
Of course,on the other hand,it would be grossly unfair on the smaller teams but at least they could win their leagues and they should receive some kind of compensation as well.