The Football League will hold an emergency meeting at Walsall's Banks's Stadium on Monday to try to resolve a dispute over the money clubs receive.
If agreement cannot be reached, fears will grow that the Championship could form a break-away division.
It is understood the Premier League will stop all solidarity payments if the 72 clubs reject a new £400m package for the next three seasons.
The deal doubles parachute payments to clubs relegated from the top flight.
At a meeting last month, the offer was rejected amid concerns that it would create a second Premier League in all but name, and make it more difficult for clubs currently in Leagues One and Two to climb up the divisions.
Clubs in the lower two leagues unanimously refused to approve the plans, even though they would boost the money each club receives from £108,000 to £325,000 in League One, and from £72,000 to £250,000 in League Two.
http://news.bbc.co.uk/sport1/hi/football/8671551.stm
You can understand the football league not being too keen on the Premier League doubling the parachute payments to clubs relegated clubs, but a break-away division? Can't see it. Money talks unfortunately.