The 20 Premier League clubs have rejected ‘Project Big Picture’, a proposed shake-up of English football engineered by Liverpool and Manchester United, talkSPORTS reports.

The decision was arrived at on Wednesday’s emergency meeting by the top-flight sides.

Skysports revealed that an executive of a Premier League club after the meeting questioned as to why in such a time has the details of the plan been leaked when EFL clubs are at their most vulnerable in order to gain most popular support.

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According to the unknown club executive, embracing the alteration could lead to lasting damage of the football pyramid and the proposal would give the Big six clubs ultimate power over future changes in the Premier League and bigger revenue shares.

Although the EFL has made known that majority of its clubs support the idea yet Project Big Picture would lead to a closed shop in terms of competition, whereby the top places in each season's Premier League would be "pre-ordained" and always occupied by the "Big Six".

A conclusion was made by the clubs to urgently commission a strategy review which would involve all the Premier League members, while a new bailout offer would be made to the EFL.