As EFL faces £200 million pitfall, chairman says parachute payments are "an evil that needs to be eradicated"
5 May 2020
EFL's chairman, Rick Parry, has yet again stressed the need for a "proper reset" on the other side of the coronavirus pandemic.
Parachute payments distort the playing field in the Championship and clubs should not rely on going from "one bailout to another bailout", according to Parry.
The EFL is facing a "£200 million hole" by September due to the coronavirus pandemic, according to its chairman, Rick Parry, who believes the league is in need of a "proper reset post-Covid".
Soon after the suspension of football, Parry was quick to call on clubs in the EFL to "reset" their business models when things return to normal, in order to prevent future Bury and Bolton cases and stave off further financial disaster.
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