Radical reforms, proposed by some of English soccer's richest teams, risk dividing the sport's key players off the field.
"Project Big Picture" is being spearheaded by Liverpool's American owners Fenway Sports Group, with support from Manchester United's Florida-based owners, the Glazer family.
Key among the proposals, which could end up giving more power to the biggest clubs, a reduction of teams competing in the Premier League from 20 to 18.
The government minister who oversees sport in Britain said on Monday he feared the plan was a power grab by the leading teams.
And even the English Premier League itself said in a statement that some proposals "could have a damaging impact on the whole game.”
It also expressed its disappointment that the plan had been backed publicly by the English Football League which controls the three leagues beneath the top tier.
Under the new plan, the Football league stands to get 25% of Premier League revenue and a $326 million-dollar rescue fund to help with immediate financial hardships.
The so-called 'Big Six' Premier League clubs are also lobbying for 'special voting rights' and proposals are approved, the changes could come into effect from the 2022/23 season.