Celtic have drawn up a radical plan to reduce the top flight to ten clubs and save the SPL from potential financial meltdown, reports the Daily Record. Record Sport understands there have already been initial talks between the Parkhead club and SPL bosses over the blueprint.
Under the Hoops proposals two clubs would face relegation from the SPL each season with the possible introduction of promotion play-offs between the side finishing second bottom and the runners-up of the First Division.
The overhaul would see a return to the top-10 format last in place nine years ago - with each team playing a total of 36 league games.
A reintroduction of the winter shutdown has also been considered and this would allow a greater degree of flexibility in fixture scheduling.
With Setanta battling to stay in business the SPL are facing up to the grim possibility of losing five years' worth of TV cash - worth an original total of £139million.