The EFL is under pressure from Championship clubs to amend its ‘Profitability and Sustainability’ rules amid the coronavirus pandemic – an issue first raised by Rovers chief executive Steve Waggott.

Clubs have joined forces and raised the issue at the EFL’s weekly board meeting on Wednesday, proposing changes to the way finances are governed in the second tier.

Waggott believes rules should be relaxed to allow owners to invest the necessary funds needed to help clubs deal with the financial impact of COVID-19.

Rovers posted losses of £18m for the financial year to June 2019 and are acutely aware of the need to balance their books to avoid breaching rules.

Birmingham were docked nine points last season for breaching the regulations, while Derby and Sheffield Wednesday have been charged by the EFL.

With the season suspended indefinitely, there are fears that more clubs could face potential punishments, including possible transfer embargoes, if a compromise cannot be reached.

Waggott feels there should be a grace period of one year, allowing clubs to navigate their way through the current COVID-19 pandemic, before normal service resumes next season.

Rovers are set to announce themselves as the latest Championship club to strike a pay agreement with their squad, following Leeds United, Brentford, Bristol City and Wigan in doing so.

Waggott has previously stressed his belief that financial fair play cannot exist in the Championship given the disparity in support bases, and the influence of parachute payments for recently relegated clubs.

Revenue streams have plummeted for EFL clubs since the season was first suspended on March 13, with no return date set in stone for when matches will resume, despite a desire to finish this campaign. The likelihood of matches being played behind closed doors will only stretch finances further, while a shortening of the transfer window would impact the ability to raise funds through player sales.

Speaking last month, Waggott told the Lancashire Telegraph: “My view is that FFP and profit and sustainability model shouldn’t be applied this season because of the additional funding that may be required from owners that are needed by clubs.

“From my point of view we could potentially not take this season in to account, press the reset button from next season and start again. Then using the two years from 2017/18 and 2018/19 season, start again in 2020/21 which becomes the third year for FFP.”