Crystal Palace chairman Simon Jordan suggests the Rangers and Celtic should have to pay 100 million pounds to join the Premier League. Bolton's Phil Gartside is proposing the formation of a second tier of the Barclays Premier League, including Rangers and Celtic.

Jordan told the Daily Record: "Football is evolving all the time and this would be great for the Scottish clubs but they should pay to come down.

"I'd suggest £100million and the immediate financial benefits that arise for both clubs would soon cover it.

"Their share price would go through the ceiling on the back of massive revenue increases. The SPL does not attract a worldwide audience - the Premiership does.

"It would be a great thing for Celtic and Rangers but the Old Firm would not add enormously to the levels of interest in a league that's already massively exposed."

Jordan added: "I wouldn't be surprised to see it happen but it's still a long way off as no deals can be done until the next round of talks with broadcasters, scheduled for 2013."