Liverpool are key supporters of a plan that would lead to drastic reforms of English football, including the reduction of the Premier League to 18 teams, with Manchester United also reported to be very much in favour.
The English Football League (EFL) is seeking a £250 million ($326m) bailout to cover the losses suffered as a result of the coronavirus pandemic.
The plan, originally put forward by EFL chairman and former chief executive of the Premier League and Liverpool Rick Parry and strongly supported by the Reds as well as others, would see the top-flight pay that sum by taking out a loan.