OXFORD United say they could lose around £185,000 in revenue if the Football League's proposal for a fifth division is passed.

The governing body wants four divisions of 20 teams below the Premier League by the 2019/20 season.

With 24 teams currently in each Football League division, the plan raises the prospect of seven teams being relegated from the Championship in 2018/19 to allow for three to be promoted, while no clubs would drop out of League Two in that campaign.

Two teams would be promoted from the National League and six other sides would be added to the newly-formed League Three, taking the total number of professional clubs to 100.

The six additional clubs are likely to also come from the National League, although the proposals will reopen the debate on Scottish giants Rangers and Celtic playing in England.

However, U's managing director Greig Box Turnbull, said: “At first glance the proposal would see a major restructuring of the game and we need to assess all of the implications.

"Within the document we have received the Football League suggest the change would cost a League One club around £185,000 in lost revenue due to the reduction in games.

"Obviously this is a concern and we need to sit down as a Board and analyse the proposal in its entirety before agreeing the club’s position.

“As a club as we are always open to discussing how the game can be improved for the benefit of all involved, but it has to be balanced and economically viable."

Football League clubs will vote on the changes in June 2017. A 90 per cent approval rate, or 65 of the current 72 clubs, is required to get the go-ahead.

Should the proposal get the green light, Harvey also plans for discussions on implementing a winter break, scrapping FA Cup replays and moving entire rounds of the FA Cup to midweek slots. The future of the Community Shield will also be considered.