The former owner of Crystal Palace has revealed the gargantuan price that Rangers and Celtic would have been expected to pay to join the English league pyramid.
The controversial businessman has said that both clubs would have been on the hook for £200m to join as part of a plan that sprung into action following the collapse of ITV Digital in 2002.
Jordan also revealed that the rest of Scottish football would have been given a one off payment of £30m to sooth the financial hit of the giants departing.
Speaking on TalkSPORT, he said: “In 2002 when the ITV Digital deal collapsed and there was all this stuff going on, there was me, Manchester City, Birmingham, Wolves - all the clubs talking about a Phoenix League, a breakaway league to get away from the Football League, because the Football League was so intransigent and ridiculously unprofessional.
“And part of those discussions were Rangers and Celtic coming down.
“I was in the camp for them to come down, but pay a bounty, pay a couple of hundred million quid; they can afford it on the basis of their share price and whatever else was happening because they would probably go into the Premier League as a result of it.
“The entirety of Scottish football gets £30m quid across all four divisions.
"Going into the Premier League with the broadcast deals, they will go from £2m, if that’s right, to £120m overnight.
“It won’t happen but in a land that we look forward to perhaps one day thinking it could happen, what an addition that would be.”
