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I like this solution way much better. Now the only player that's missing here is Almalinux. Maybe it's not too late to make a U-turn and join this new group so that Redhat alone can be responsible for contributing to RHEL as intended.

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How is red hat being the only contributor a good thing?

It may not be a good thing to anyone looking at this whole mess but it's clearly what Red Hat wants. After all, their VP did lament that they were doing all this work for "free" just so that the other enterprises can rebuild their product.

> Now the only player that's missing here is Almalinux.

Just FWIW I can point to a dozen other CentOS Linux rebuilds, at least one backed by Huawei and another backed by HPE.

So no, this is badly wrong.

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