Yes, but I feel a relegation battle would more than likely increase the immersiveness of the game.
We "managers" are a weird bunch anyway I would think, the challenge of keeping your team up and avoiding penalties could add another dimension to the game. Yes we'd prolly lose some not so frequent players, who are happy to stay in the same level, which to me makes no sense, but I'm sure we'd gain a lot of players who like realism and challenges.
I just want the abandoned team to be weeded out or "down" to be more appropriate, since I get no JOY from beating such teams with keepers playing as AMCs with huge margins and I'm sure NORDEUS don't get a buck from them anyway.
Might take a little "Levels Re-designing", but I'm sure it will definitely add to the game then take away from it.