The chairman of Leeds, Peter Ridsdale, fears that the proposed ammendments to the current transfer system drawn up by the World footballing body FIFA, could spell "potential disaster" for the games smaller clubs.
Ridsdale spent £18million stg on England defender Rio Ferdinand last November despite the uncertainty surrounding the future of the transfer market.
And today he hit out at the proposal of FIFA, football's world governing body, to allow a club or player to tear up a contract at three months' notice.
UEFA have threatened to go it alone in talks with the European Commission over the transfer system under threat as the Treaty of Rome grants all European citizens freedom of employment after blasting FIFA's stance as "unacceptable".
"I can't believe FIFA have come forward with that proposal because players willingly enter into a contract and that contract is for a period of time that is mutually agreed by the two parties," Ridsdale told BBC Radio 5 Live.
"Does that give the club the right to say that, if a player has two bad games, they can tear up the contract?"
"How will the clubs on the First, Second and Third Divisions survive if that transfer system is taken apart?"-PA