Aussies proved to us that it's possible to have PL well organized.
If you want to "simulate" an international tournament, Superfly Guy's fed is the place to go. And even though it is called Big Boys Banter, he let me in, so in no way should the name discourage anyone from applying to join. ;-)
(that's my shameless plug for the day)
Anyhow, while Superfly's fed and others may be able to demonstrate the fun of being in international games, there is not really anything meaningful about a PL. First, it is only available to supporters (as I mentioned before). Second, there is absolutely nothing on the line (besides pride). I often purposefully play bad tactics or use gamesmanship in my PL games with my league/cup games in mind. And if I need to reload or crunch I really do not consider my PL games, why would I?
Run of the Mill Canadian Manager