I think this is a great idea, actually. I have been thinking about organizing an e-Sport league for quite some time and have even started to develop a concept for it that includes a PowerPoint presentation. The first two slides are attached to this post. If you are interested in the whole deck or adding ideas, send me a post or message.
In a nutshell, the concept is similar to Albert's idea of starting small with 8 teams. At its core, this would be a grassroots initiative, started for managers like us, for the good of the FM game and to make it a better experience for all that are interested. At first it would be pretty basic competition, just as Albert has alluded to, with the teams playing in a league / cup throughout the year with an agreed-upon set of rules by all. Via an iterative process, we would improve the organization of the league and eventually come up with a format that includes several teams and divisions, including promotion and relegation, that is very professional on how it is managed and enforced, with perhaps a paid monthly membership. The end result is to mimic as much as possible the current organization of leagues in the real world but migrate it to a virtual setting.
Would there be e-managers trying to "beat the system"? Of course! But this is to be expected, especially in the initial stages, but the end result in the long term would be a much better game play and also provide an incentive to the FM programmers to improve the game further.
Let's continue talking!
FM E-League Concept DRAFT.pdf