Caborn has issued a stark warning over football's future

In the State of the Game 2006 Report, Caborn says football faces increasing instability unless action is taken.

He also said that football's governance arrangements needed to be looked at to ensure they were "fit for purpose".

Professor Christine Oughton, director of the Football Governance Research Centre who published the report, said the Premiership "needed reform".

Professor Oughton said: "In 1993, 27% of Premiership revenues went to the five biggest-earning clubs - by 2005 this had ballooned to 47%.

"The results from this year's State of the Game survey show that reform is particularly needed in the Premiership.

"With so much revenue at stake, the difference between finishing fourth rather than fifth in the Premiership and missing out on Champions League football can be massive, having a devastating effect on club finances.

"Likewise, finishing 18th rather than 17th can reduce a club's income by millions of pounds."

Research discovered 60% of Premier and Football League clubs are in favour of a greater distribution of revenues within their leagues, while 81% of all clubs would back a fairer distribution of riches across all leagues.

Caborn will join Uefa chief executive Lars Christer Olsson and Professional Footballers' Association chief Gordon Taylor at Tuesday's official launch of the report at Birkbeck, University of London.