Tranmere vice chairman Nicola Palios has launched a blistering attack on "Project Big Picture" – and insisted it will kill football below the Premier League.
EFL chairman Rick Parry has joined forces with Liverpool and Manchester United to cook up plans to overhaul the game in the wake of the Covid-19 crisis.
The proposals include reducing the top flight to 18 clubs, handing all the voting power to the top flight's 'big six' and providing the EFL clubs with a £250m rescue package to save them from going bankrupt.
But instead of welcoming the prospect of some financial help, Palios believes the plan is doomed and should not be allowed to happen.
Palios, wife of Tranmere chairman Mark Palios, who has called on the Government to intervene, said: "There are some clear good elements to "Project Big Picture", but they are hugely outweighed by the downsides that will destroy the game in this country.
"Once you've given all the power to a small group, they can do what they want. B teams would be with us in a heartbeat. The EFL would get 25 per cent of the TV money but only after the best of all the games are taken away from TV to be streamed by the big clubs.
"And what's to stop them changing the distribution methodology in future, to say 10 per cent?
"We must not be blinded by the short-term offer of a cash lifeline. It's like someone offering you a million pounds but shooting you soon after."
But Bolton chairman Sharon Brittan believes Parry's plan could help save the game and she said: "We are fully in favour of steps which can be taken to address the inequitable distribution of finances between the Premier League and EFL.
"The summary details of "Project Big Picture" appear to go some way to help drive sustainability for the EFL's member clubs – and this can only be a good thing for clubs' long-term growth and the communities in which they are based.
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"Bolton Wanderers' recent history shows how important a football club is to the local community and that the model of football clubs relying solely on owner funding is broken.
"This town came very close to losing its club and the board believes that radical change has long been required to create a football pyramid which allows clubs at the lower levels to be sustainable yet be competitive on the field.
"We hope that conversations around Project Big Picture are the first step on this path."
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