parry

English Football League chairman Rick Parry says he hopes a "seminal" review of the game by a new independent regulator could help overcome years of deadlock with the Premier League over a "fundamental financial reset".

Parry says the Football Governance Bill is "an improvement" on a version introduced by the previous government, and which failed to become law before the General Election was called in May.

After they were excluded from the previous bill, Parry is "pleased" that the regulator can now consider them if deemed of risk to financial sustainability.

"We’re not saying they should be abolished," said Parry.

Parry, who was the Premier League's first chief executive from 1992 to 1997, said the game needs "fairer distribution of revenues".