Abolishing parachute payments is one of a number of reforms proposed by 10 English Football League clubs, led by Championship side Luton Town, hoping to make football fairer and sustainable.
The 'Fair Game' group wants to see an independent regulator with powers to oversee the men's and women's game.
A salary cap is also needed to address "revenue imbalance", the group said.
The Fair Game group includes Luton from the second tier, Accrington, AFC Wimbledon, Cambridge and Lincoln in League One and Bristol Rovers, Carlisle, Leyton Orient, Newport and Tranmere in League Two.
A further eight teams from lower down the pyramid are also on board, while it says it is in discussions with "dozens more clubs".
Comments
Salary cap didnt work
Clubs won't accept no parachute payments.