I think Steel has a formula that is probably popular with BB paid supporters. Win now with some already developed guys while training then selling all those youngsters. It helps he plays in private leagues too. He can train twice as many youngsters as a regular player can. Of course, we can debate how well it works since he relegated, but there's no debate he's not got a D3 club.
Now I can train and sell too, but my returns will be half what he makes. I believe my best bet is to keep growing my arena. That's how I'll get my cash to compete.
No doubt the Great 8 is a tougher conference. Most of the promoted champs have come from that side, so most relegated clubs have joined over there to go along with some already strong clubs (Pacers, Sharks, Eagles).