Fourteen of the 20 top-flight clubs would have to agree to the idea should it be put forward, but even then the idea could be scrapped as the Football Association have the power to veto any proposal.
Harry Redknapp: "You can't have too many foreign owners coming in here wanting to change our game.
"Eventually, you will end up playing loads of games around the world. That will happen.
"They will take the games to where they want to play them. If you have owners from China, India, Russia, America, they will want to take their teams there to play. I can see that will happen.
"It is a world game so I can see that as a possibility. When you go to Asia now the support and following is amazing for the Premier League.
"But the promotion relegation thing is beyond a joke!
"How can you not have promotion and relegation? It's scandalous.
"What is the league about? When the play-offs first came in in the Championship and the first and second divisions, people said we don't want the play-offs, but they have been a fantastic thing.
"It keeps the league going. Years ago, with 10 games to go, the league was over.
"If you were not going to win the league be promoted or relegated then you would switch off, now everyone is fighting for something.
"It is competition, teams trying to stay up. What is more exciting than the last day of the season when teams are looking to stay up and win the championship? You have to have promotion and relegation."
Source: FOOTYMAD
