Liverpool owner John W. Henry has called for a change in how money generated from television rights is distributed.

The current model sees all 20 Premier League clubs allocated an even share of the overall money received through international television rights.

There will be a vote held at an annual summit of the 20 Premier League chairmen on Thursday over a potential change in the system.

It would require 14 to vote in favour of a change, which seems unlikely given that the ‘Big Six’ want a larger share of the profits.

Henry insists that clubs “cannot stick” with the current system, which believes sees the three relegated clubs earn more money when parachute payments are included.

“It’s a disagreement based entirely on governance,” he told The Associated Press.

“Everyone in the league knows what the large clubs bring to the value of foreign rights, but the large clubs do not have the votes to change something that should have changed as media rights changed over the past 25 years.

“Because of this arrangement and due to parachute payments to relegated clubs, the top three clubs each year in the Premier League receive less overall TV monies than the bottom three clubs when you include parachute payments. It’s hard to imagine this continuing much longer.

“You cannot stick with the same media strategy forever any more than you can stick with the same football tactics forever.

“In America, where we have closed leagues, you can argue for these types of arrangements, but it’s much more difficult to ask independent clubs to subsidize their competitors beyond a certain point when you have relegation and especially with the way media is rapidly changing and being consumed today.”