It's not "completely irrelevant". From a football legislation standpoint it's probably fine, but from a "should we invest hundreds of millions in to London-based Arsenal, who are battling for the premier league title, the European Cup, with a World class squad, modern stadium and training facilities etc or invest hundreds of millions in to every aspect of Sheffield Wednesday in the hope they might bother the top 6 in the championship" standpoint, which one makes more financial sense?