EFL chairman Rick Parry’s job is under threat amid fears his secret talks with Liverpool and Manchester United over Project Big Picture could cost a bailout with seven clubs at risk of going bust this month
- Rick Parry’s job as EFL chairman is under threat after ‘Project Big Picture’ talks
- It was revealed that seven clubs could go bust later this month with no help
- The Premier League launched a strong attack on Parry for endorsing proposals
Rick Parry’s job as EFL chairman is under threat amid concerns that his secret negotiations over Project Big Picture could cost the clubs a bailout from the Premier League.
At an EFL board meeting last week, it was revealed that seven clubs could go bust later this month if they do not receive a rescue package from the Premier League.
That bailout has been jeopardised by Parry’s talks with Liverpool and Manchester United over a radical restructure of the top flight.
Rick Parry’s job as EFL chairman is under threat amid concerns after Project Big Picture talks
A bailout for EFL clubs has been jeopardised by Parry’s talks with Liverpool and Man United
The Premier League launched a strongly-worded attack on Parry for endorsing proposals they described as ‘damaging’ on Sunday. In private, they have been even more scathing.
One Premier League source accused the organisation’s former chief executive of failing to engage seriously in discussions over a bailout, despite his repeated public calls for £250million in financial aid to get the EFL’s 72 clubs through the season.
The Premier League put that reluctance down to the fact that Parry was negotiating behind their backs with Liverpool and United.
The Premier League have indicated they are minded to provide a short-term bailout for clubs in League One and League Two, which could reach £50m in loans, but it is unclear whether they remain willing to deal with Parry.
League Two Southend are among the seven EFL clubs in grave danger of going bust soon
As a result, many clubs are increasingly concerned and are likely to blame Parry if a bailout does not materialise.
Oldham and Southend, both in League Two, are among the clubs in imminent danger of going bust, but many others will struggle to pay their players later this month without any external assistance.
After solidarity payments and TV rights fees were advanced by the Premier League and EFL respectively, the clubs had sufficient funds to pay their players at the start of the season, but they were budgeting for fans being able to attend matches in limited numbers from the start of this month.
The return of spectators has been postponed indefinitely in light of rising Covid-19 infection rates, so the clubs are effectively operating without income.
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