Published Sunday, 25 October 2009
In a letter, Blues chairman Jim Kerr has told other clubs Linfield are ready to re-negotiate and take a cut in the money they get from the IFA.
In return, Linfield want the IFA to secure financial backing from the government for the re-construction of Windsor Park into a 24,000 all-seater stadium.
The IFA have already backed plans to redevelop Windsor Park, after the government axed proposals for a multi-sports venue for football, rugby and gaelic games at the site of the former Maze prison.
IFA President Raymond Kennedy told UTV he was confident the association can stick to their part of the deal.
"I'm feeling the IFA have to sit down and talk it out", Mr Kennedy said.
"I think everything will work out. My money is that everything will be fine. The government will come up with the money and we'll get a refurbished stadium."
Under the proposal the Blues would then waive their rights under a 100-year rental agreement to a 15% share of the IFA's international match profits.
The money would then be re-distributed throughout the Premier League clubs.
Last month, Glentoran wrote to UEFA President Michel Platini, urging him to end what they claim was an unfair advantage given to Linfield.