Earlier this week it was revealed talks have taken place over the creation of a new £4.6billion super league involving top sides from across the continent.
World governing body Fifa was reported to be in support of the idea but Uefa – their European equivalent – has said it is opposed to the plan.
And Bilic is also against the proposal having seen something similar happen in basketball following the creation of the EuroLeague.
“I don’t like the idea,” the Croatian said when asked about what he makes of the European Premier League proposal.
“It happened in basketball in Europe. In my country, we follow basketball.
“In basketball, the Euroleague as they call it, it killed the domestic championships a little bit.
“The clubs were guaranteed to be in it, through the domestic championship you couldn’t qualify so it became a little bit, a little bit League One.
“A new European Premier League? I don’t think there is space for that and the Premier League.”
Bilic is also worried fans could be priced out of football after three of Albion’s games were moved so they could be shown on pay-per-view.
The Baggies’ clash against Burnley was the first of three games they are playing on a Monday so they can be aired on pay-per-view television.
Each game is costing £14.95 to watch.
And Bilic thinks it is too much.
“Football is not polo or golf,” the head coach said. “It’s not my money; it’s their money.
“Football should not be free, but affordable. Football is the sport for masses, a working-class sport, and it should be affordable to everybody.”
Meanwhile, the Express & Star understands Albion have still not received any money from Barcelona for former youngster Louie Barry.
Promising striker Barry rejected a three-year contract at The Hawthorns to join the Catalan side in July 2019.
Under set FIFA compensation rules for youngsters who move abroad, the La Liga side owe the Baggies £235,000 for the England youth international.
Barry, 17, has since left Barcelona to join Villa for a fee of around one million euros or £880,000. But the Spanish side have still not paid Albion the money they are owed with the Baggies working with FIFA to try and recoup the cash.