The idea of Sky 'pulling the plug on the PL' is ludicrous . Premier league football is the main driver of the whole Sky business model and if anything Sky needs PL football more than it needs Sky . Hence the ever increasing revenue the PL gets every year from Sky .
As to who has the most power in the modern day game , we do if we would just realise it .
Everyone keeps talking about the 'Sky money' but where do they get their money from ? Either directly or indirectly from us . Directly through subsciptions or indirectly through advertising . As well as general advertising think of 'Ford Monday night football' or 'Gillette Soccer Sarurday' . These outfits don't do it out of the kindness of their hearts , they want to sell cars and and razors to Sky viewers i.e. football fans .(lots of razors in my case as I have to shave my knuckles) .
If we really want to get rid of the frankensteins monster that is Sky/PL then cancel your subscription to Sky and organise consumer boycotts of the products that subsidise Sky .
'Workers (football fans) of the world unite , we have nothing to lose but our shackles (sky boxes)' It won't happen of course , inertia is a terrible thing .