Wigan chairman Dave Whelan insists he would pull his team out of the Barclays Premier League if promotion and relegation was scrapped in the English top flight.
League Managers' Association chief executive Richard Bevan has claimed some American and Asian owners of top-flight sides are keen on a franchising model.
But even if they did gain the two thirds majority needed to win a vote of Premier League clubs on the matter, the league's own rules dictate Football Association permission would also be required.
The idea has already been described as "suicide" by Manchester United manager Sir Alex Ferguson and Whelan insists he would not want to be involved in the league if such changes were brought in.
"It's the most stupid suggestion I've ever heard in my life," Whelan told talkSPORT.
"If it was to happen I would resign Wigan from the Premier League and go back and play in the Football League.
"It's a worrying thought that if we get 14 or 15 foreign owners (in the Premier League), they come up with some mad idea and it gets voted through. It would ruin and kill English football.
"It's got to be competitive, every club has got to have that ambition to get to the Premier League, that's why our league is so good. It's an appalling suggestion. It would ruin and kill English football."
