Liverpool and Manchester United have denied suggestions from Uefa that financial reasons are behind their opposition to President, Michel Platini's plan to allow cup winners into the UEFA Champions League.
William Gaillard - Platini's special adviser - says the former France international feels the Premier League duo's stance is financially motivated.
"I know G14 have said this, but from our discussions it seems the main opposition is at Liverpool and Manchester United, who have investors out to make a quick buck on their investment and are only looking at the financial risks of the reform plan and not the sporting merits," Gaillard told Reuters .
"Basically by giving away a spot in their league to cup winners, they see this as reducing their chances of entering the lucrative Champions League."
Liverpool chief executive Rick Parry retorted: "I made it absolutely clear (to Platini) last week that I was representing the views of the majority of English Premier League clubs when I said we do not support the reform plan.
"I didn't even discuss this issue with our owners prior to last week. Bottom line is that allowing the cup winners into the competition devalues the Premier League."
Parry's United counterpart David Gill echoed that view, telling Reuters : "We completely refute the allegations.
"Our decision to oppose the plan for the Champions League regarding the cup winners is based on merit and follows consultations with, in particular, Sir Bobby Charlton and Sir Alex Ferguson, both of which have extensive experience in this competition.
"The decision is in no way dictated to by our club's owners."