Sir Alex Ferguson has slammed the idea of scrapping relegation and promotion for financial returns.

Several of the biggest Barclays Premier League clubs want to do away with relegation and promotion in the top flight, according to League Managers' Association chief executive Richard Bevan.
Bevan claimed the American and Asian owners of Premier League sides are keen on a franchising model.

Manchester United, Liverpool, Arsenal, Aston Villa and Sunderland are all in American hands, Manchester City are run from Abu Dhabi, while other clubs including Chelsea and Blackburn also have foreign investors. (Alex Ferguson, Arsenal, Aston Villa, Chelsea, English Premier League, Manchester City, Manchester United, Sunderland)