Quote Euclid="Euclid"Problem is, Snoopy, the cap hasn't prevented London, Bradford, Widnes and others from getting in trouble. There may be an answer, but I don't think it's the cap.'"
The cap only refers to players payments. There are other costs as you know such as club and stadium admin, development of academy players, stadium maintenance costs etc. all these have to be paid by the clubs as well. This is why expansion to the big cities is important as a sucessful club (or at least competitive one) will have above your small town attendances to cover these costs. Look at the crowds of Huddersfield - a succesfull club in a small town only getting 5,000 gates. If we had developed a club in Nottingham which was as succesfull you would surely expect that if the game established itself as any expansion club there as it needs to do, they would surely have 10,000+ gates.
At the end of the day some 'bigger' clubs will still get themselves into trouble due to financial mismanagement or errors of judgement in hiring coaches/players etc. which affects performance on the pitch which affects attendaces and therefore the income it generates. you are never going to get perfection when human beings are in control.