EFL chairman Rick Parry has criticized the Premier League for failing to recognize the importance of the football pyramid, asserting that the absence of promotion and relegation would lead to a "sterile" game devoid of variety and competition. In an interview with the Guardian, Parry discussed the upcoming parliamentary session on Wednesday, which will address the legislation for an independent football regulator. This marks a significant step in a four-year journey towards reform. Parry expressed that the EFL is open to stricter financial regulations but emphasized that these measures should be accompanied by improved financial redistribution from the Premier League. Despite ongoing negotiations and pressure from the government, this objective has yet to be realized.