Never thought about it really

Piece in the paper today only 5 clubs in premier league still in English hands - how long before overseas investors want to protect their investments and call for no promotion or relegation from the Premier league ...

 

I'm sure I read an article recently that suggested this was more likely to happen since an overseas investor bought a majority share in Everton. If all foreign investors now vote to stop relegation and promotion there are enough of them to achieve the majority required.

 

Does rugby league still have a similar scheme?

 

No, this is how it works.
http://www.skysports.com/rugby-leag...er-8-format-ahead-of-the-fixture-announcement

And if you make sense of it, explain it to me please.