My personal opinion is that 65% should be more than enough to cover wages. If you are going above that, you are not working efficently off the field.
Manchester United has a massive squad, with big wages, but they pay under 40% for wages.
Obviously there are many different elements and it is not like for like, but the principle is their. For a sustainable league, you need sustainable limits.
If there are sugar daddies in the league, then they should donate the money at the start of each year so it is declared and then the club can work off 65% of that as well. Although the problem with that is how long the sugar daddy will be about. But then that is no different regardless of the 65% rule.
Anyway, that is my uneducated opinion as I really do not know the ins and outs.
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