Premier League chief Richard Masters and EFL chairman Rick Parry BLASTED in Parliament for not agreeing a bailout deal for the Football League to prevent clubs from going bust
- Richard Masters and Rick Parry were criticised for a lack of progress on a bailout
- Masters stated that he believed the Premier League had kept their promise
- EFL chairman Parry said that Leagues One and Two had declined an offer
- Parry was also questioned over his controversial role in Project Big Picture
Premier League and EFL chiefs were lambasted in Parliament on Tuesday over their failure to agree a bailout deal for the Football League.
Top-flight chief executive Richard Masters and EFL chairman Rick Parry appeared before a Department for Digital, Media, Culture and Sport (DCMS) committee where they were publicly criticised over the lack of progress in putting together a financial package to prevent clubs from going out of business due to the pandemic.
Masters was told to explain why no deal had been agreed, given financial assistance for the lower leagues was part of the reason the Premier League were allowed to return before other sports.
Top-flight chief Richard Masters was blasted for failing to agree a bailout deal for the EFL
EFL chairman Rick Parry was also criticised in Parliament for a failure to agree a bailout deal
‘Why, frankly, have you not fulfilled the commitment you made?’ asked chair Julian Knight.
Masters stated that he believed the Premier League had kept their promise, had paid £110million in solidarity payments and offered £50m for League One and Two clubs to ensure that none went out of business.
Knight retorted: ‘That does not chime with what the committee is hearing in any way. The truth of the matter as we understand it is that 10 EFL clubs are unlikely to make payroll this month. The Premier League spent £1.2bn in the transfer window. The idea of allowing (the Premier League) to come back early was that you would be able to help out.
‘Frankly it feels as if negotiations have taken far too long and there is a degree of farce about them.’
The duo were questioned by the chair of a Department for Digital, Media, Culture and Sport (DCMS) committee, Julian Knight
Knight added that an EFL club had told him that the offer of £50m was ‘pitiful’ and that the attached original conditions were ‘outrageous’.
‘I don’t see it as pitiful,’ said Masters, who added that conversations were ongoing.
Knight then branded the Championship as a ‘basket case’, with a 108 per cent ratio of wages to turnover.
Turning his attention to Parry, he demanded to know why he would not accept the deal for Leagues One and Two now and prevent some from hardship while continuing to negotiate over the Championship.
Masters however stated that he believed the Premier League had kept their promise
Parry said that Leagues One and Two had declined the offer and wanted to show solidarity with the Championship and added that he hoped for a conclusion before the end of the month.
Parry was also questioned over his controversial role in Project Big Picture, described as a ‘sugar-coated cyanide pill’ by committee member Damian Green.
‘We wanted redistribution of revenue to make our clubs sustainable,’ he said. ‘Big Picture ticked the boxes. It was a first-class plan.’
Masters said he does not expect the number of substitutes to be raised to five this season, despite calls from Jurgen Klopp and Pep Guardiola, but confirmed that the Premier League will drop pay-per-view matches.
Parry was also questioned by the committee over his controversial role in Project Big Picture