The Football League is furious with money-bags Premier League.

The Daily Star says Preston are leading a furious revolt at plans to increase parachute payments for relegated Premier clubs next year to £23m.

That's a staggering 42 per cent rise from the 2012-13 figure of £16.2m.

Club chairmen fear the financial gap between the top flight and the rest of English football is developing to such an alarming size that Football League clubs will be driven out of existence.

The Premier League recently raked in around £5bn for domestic and global broadcast rights.