On top of all this - they are going to lose their "elite" status with adidas.

Which means they lose all this:

Benefits of Elite Status:
Bespoke Kits:
Elite clubs get their own "Authentic" kits, which are made with premium materials and are the same as the players' jerseys.

Special Collections:
Beyond just the kit, elite clubs also receive special edition shirts, t-shirts, hoodies, trainers, and other apparel.

Access to Distribution Network:
Elite status ensures that clubs and their fans have access to Adidas' global distribution network for these special collections.

Potential Financial Rewards:
Elite status often translates to more lucrative sponsorship deals and higher financial payouts for the clubs.