18-team Premier League & 6 more reforms: United and Liverpool pushing for generational shake-up of English football

According to The Telegraph, Man United and Liverpool have come up with a set of proposals titled "Project Big Picture".

If it goes through, we could be in for some major changes that will "reshape" the finances of the game like no other. Tribuna.com breaks down the key things you need to know:

• Reduction in PL teams: Say goodbye to having 20 league teams - we may only have 18 if these proposals are passed. As a result, there will be 24 teams each in the Championship, League One and League Two.

• Rescue package worth £250m: The eye-watering sum will help the Football League deal with the Covid-19 recession. EFL clubs will also receive 25% of annual PL revenue - in addition to a £100m gift to overcome issues caused by the pandemic.

• Abolition of one-club, one-vote principle: A long-standing league rule could come to an end, with the proposal also aiming to do away with needing 14 votes to pass any changes.

• No more League Cup and Community Shield: Yep, you read that right. Even if the League Cup stays on, sides involved in Europe may be exempted from participating.

• Added round of play-off for Championship: There will be two automatic promotion spots like usual. However, the third, fourth and fifth-placed clubs will have a play-off round with the 16th-placed Premier League team.

• More games for big-six clubs: Nine clubs who've been in the top-flight the longest - including the big-six - will get to play more games and effectively "dictate its running in every aspect". This rule will align with plans for an expanded Champions League potentially from 2024/25 onwards.

• Changes in financial structure: £100m to be given as a "one-off gift" to the FA to cover coronavirus losses, 5% of all combined Premier League and Football League revenues to go to EFL clubs and 6% of gross revenue to be used for stadium improvements across top four divisions. There are also calls for new rules in the distribution of television income.

Thoughts, Reds? Let's discuss below!