The EFL is proposing to fix the parachute issue that plagues Stoke City and their Championship competitors.

Rick Parry feels that the parachute payment arrangement that separates the

Premier League and EFL can be reviewed by any new independent football authority.

The House of Lords is now considering a Football Governance Bill that would include an

economic assessment and a monthly “state of game” report. This bill could ultimately force or

find a middle ground between the top division and the others. Changes to parachute payments,

which are given to relegated clubs in decreasing amounts during their first three seasons back

in the Championship, have been met with opposition from the Premier League.

The EFL has called for a change in the distribution of media money, claiming that they worsen a financial divide.

READ MORE: Mark Robins’ one line about Bae Junho was spot on

In addition to establishing a merit-based compensation structure with a 2:1 top-to-bottom

ratio in the top division and a similar system in the Championship,

EFL chairman Parry wants 25% of the huge Premier League TV deals to be passed down.

“Our starting point was to say that the cliff edge between the Premier League and the Championship,

which is in excess of £100m, is the big challenge for everyone,” he said. It’s difficult for the

teams to come up and go down, which is supposedly why a parachute is necessary.