With many clubs in financial difficulties, along with the ITV Digital payment saga still unresolved, changes are being called on.
One such change would see Divisions 2 and 3 being scrapped, and having two regional leagues instead.
Tigers chief Pearson has added his voice to regionalisation: "I would favour Divisions Two and Three joining together and forming a new competition on a north-south basis with a series of play-offs at the end of the season.
"I can appreciate a lot of traditionalists would be against the idea, but it would make a lot of sense from a financial point of view.
"There would be a lot less long, expensive journeys and more local derbies which should bring in bigger gates and more revenue."
Meanwhile Pearson has spoken against a wage cap being installed. A wage cap would prevent richer, well-supported clubs like City bringing in bigname players as they have done this season.
He said: "I'm not so sure whether a salary cap would work. I can see the logic behind the suggestion and the Football League is looking very closely at bringing in some sort of control. I'd have to see the exact proposals, though."