I wasn't actually suggesting that the PL would actually hand the money straight to the FL, but your suggestion might be an interesting prospect, hypothetically.
Would fines levied by the Football League fall into the category of Football Creditors? If so don't the FL & PL defend the FCR on the basis that it's in their rules and they are just following them? Would creating a new interpretation that they give themselves discretion to stipulate that only some football creditors need to be paid in full, and others not, now create a different situation from the one that has so far succeeded in Court?
Dangerous road for them to follow IMO.