The Celtic manager claims the various foreign owners of English clubs will be considering every option as they look for a return on their investments.

And he can see a scenario where Premier League giants and Europe's biggest clubs launch a breakaway league, even if that was in defiance of UEFA and FIFA.

"That's just my idea," he said, "that you might get the top 50 clubs saying, 'Right, that's enough, let's all make the cash and we'll break away, make our own leagues, and UEFA and FIFA can do what they want.'

"You've got to remember there's people from all around the world getting English clubs now - they're big businessmen, where do they make the money?"

Celtic would not want to be marginalised if the biggest clubs in Europe did launch such a league, however until recently their hope was to be allowed to play English clubs.

Celtic's major shareholder Dermot Desmond claimed in 2001 that the Hoops would be competing in the Premier League within five years, however the door has remaining firmly shut.

Strachan insists Celtic would soon become serious contenders for honours if they were ever allowed to compete alongside Manchester United, Liverpool, Chelsea and the rest of the English elite.

"The finances they would get, they'd have a chance," he told Sportsweek on BBC Radio Five Live. "You've got to remember they [Celtic] get 60,000 people every week.

"That's why Arsenal have built a new stadium, that's why Liverpool are building a new stadium, to get more people in, to get more cash, to buy better players.

"Celtic have already got the support, and the stadium, so it would take a wee while but it is possible."

However he does not see the Premier League's stance ever changing.

"I think eventually there's going to be a European league, so I think you can forget about getting into England," Strachan added.

"I don't know if that will ever happen. I think there'll be a better chance of European leagues before you find Celtic and Rangers going into England.

"I think there might even be two or three leagues."