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Project Big Picture is an attempted power grab by Liverpool, Man United and Premier League's elite

Desperate times call for desperate measures, but even as many clubs in English football stare over the precipice at a financial catastrophe, the rescue plan fronted by Liverpool and Manchester United -- with the working title "Project Big Picture" -- sounds good, but looks to be nothing less than a big cheque now in return for submission in the future.

- Sources: Man United, Liverpool back radical overhaul of EFL
- Marcotti: What transfers say about soccer's financial health

At first glance, the deal to "save" the English game looks too good to be true, and it really is.