"Bolton Wanderers submitted a discussion paper detailing ideas concerning the restructuring of the Premier League into two tiers with the inclusion of Celtic and Rangers.

"The Clubs welcomed the additional input in to an ongoing process, however they were of the opinion that bringing Celtic and Rangers into any form of Premier League set-up was not desirable or viable.

"The other relevant ideas contained within Bolton's paper will now be taken forward as part of the wider strategic review being undertaken by the Premier League since November 2008 with the aim of providing recommendations before December 2010."