EFL chairman Rick Parry insists the governing body remain committed to eradicating parachute payments and installing greater financial controls, including a soft salary cap, to ensure the long-term sustainability of the three divisions below the Premier League.
However, the EFL’s proposals are predicated on England’s top-flight embracing reforms laid out in the Independent Fan-Led Review which was published a year ago on Thursday by MP Tracey Couch, and is still waiting on action from the Conservative government.
Parry has been lobbying for changes to the way money is redistributed from the Premier League since appearing before a Select Committee in the summer of 2020, in the wake of the pandemic.
