The Football League voted Thursday to overhaul the tribunal system when valuating the transfer fees for the sale of youth talent.
The current system requires a tribunal where the involved clubs are asked to justify a fee before mutual valuation is agreed.
However, under a proposed system called the Elite Player Performance Plan (EPPP), offloading clubs will be compensated for each year that the player spent in their academy. This could result in clubs receiving less money in the future for the sale of their youth talent.
The Guardian also reports that top clubs will now be exempted from the geographical restrictions which limit the signings of players under the age of 16.
Now England's elite clubs will be able to scout players from all over the country instead of being limited to buying local under-16 and under-12 prospects.
But despite the vote being passed by a 46-22 majority, some lower division clubs aren't content with the proposed changes.
According to a leading Football League academy director, "if a club wants a player that badly then they pay what he’s worth, and he goes.
"But with the derisory compensation they’re proposing I’m not sure the clubs will want all the players they’re getting. They may just be casting the net."
However, the Premier League strong-armed the proposal in the lower divisions by withholding a £5.4 million solidarity payment since the summer, according to the Guardian.
Consequently, the Football League wrote to club chairmen, stating that "having balanced the pros and cons of the offer the league’s board has unanimously agreed to recommend these proposals to member clubs."
Premier League chief executive Richard Scudamore called the EPFP "a supertanker that's very difficult to stop now."
Peterborough director Barry Fry has hit out at the changes, insisting that some clubs may feel it is no longer financially viable to run a school of excellence.
"What frightens me is that a lot of clubs will pull out of having a youth system altogether," Fry told the BBC.
"Lower league clubs will look at how much it costs to run their academy or school of excellence and think that, if the Premier League can nick their best players for a low price, what is the point of investing in it?"
"The Premier League wants everything and they want it for nothing. Football League clubs will moan about this at the meeting but vote for it because they have no choice."