If Coventry & Peterborough do get back in, and I for one don't believe the spin coming out from Brandon that this is a bolt on, then that would require compromise on the constitutionally approved rule changes. Which in turn would surely require approval from all the teams not just the EL.
Now, as the new conversion factor suits the PL - if you don't believe me, just look at the riders coming in like Wright, Gjedde, Risager etc - but it doesn't suit Coventry, and is one of the rule changes that Coventry want reversed, how likely do you think that the PL will be happy to see support Coventry's return?
I think this still has a long way to go.