Chairman of the EFL Rick Parry has been a vocal critic of the impact parachute payments have on the Championship
The Government has announced that parachute payments will now be included in the independent regulator’s assessment if it is called upon to impose a television cash settlement between the Premier League and the EFL. The payments, which are made to top-flight clubs when they are relegated to the Championship, were controversially excluded in the original Football Governance Bill introduced to Parliament under the Conservative Government earlier this year.
It is also pleasing that the State of the Game report, which will provide the objective and independent basis for the new regulator’s work, will be delivered within 18 months. We look forward, in collaboration with our clubs, to making a significant contribution to this important piece of work.' The Bill has been revised to remove a contentious clause that suggested club takeover approvals should consider the trade and foreign policy objectives of the Government.
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