Radical proposals for the reform of English football could have a "damaging impact" on the game, says the Premier League.
Under the proposals, led by Liverpool and Manchester United, the English top flight would be cut to 18 teams.
The plans would see the Premier League hand over the £250m bailout required by the Football League to stave off a financial disaster among its 72 clubs.
The Premier League would also hand over 25% of its annual income to the EFL.
"English football is the world's most watched, and has a vibrant, dynamic and competitive league structure that drives interest around the globe," a Premier League statement said.