WI: Francis I Is Elected Holy Roman Emperor?

There have been many threads on this, but none have answered my question, what would be the effects of Francis I's election? i have an idea for the near future in that Charles V goes to war against France and Francis I allies with the Lutherans and invokes the Franco-Ottoman alliance, defeating Charles V and taking some of his lands. What next?
 
That election would be won by whoever had the deepest pockets... Francis spent enormous amounts of money in buying electors but he couldnt match Charles who spent even huger amount of money and had the Fuggers and other prominent bankers behind him funnelimg him with even more gold... If Francis wanted to be elected he should have found bankers to support him financially or eliminate Charles's financial support... Even Henry VIII of England could have been elected if he outbided Francis and Charles in bribing electors (if i am not mistaken this was the only time that an English King was considered as a candidate for election and had some slight chances of election)
 
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