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Project Big Picture was a 'first-class plan' that 'ticked every box' for the EFL insists the league's chairman Rick Parry, despite it being exposed as a ruinous 'power grab' by the Premier League's wealthiest clubs

The EFL chairman Rick Parry has launched an impassioned defence of Project Big Picture describing it as a 'first-class plan'.

Parry, who was party to the clandestine project to restructure English football, told MPs on the Department of Culture Media and Sport Select Committee that it 'ticked' every box' for the EFL.

The project, which was initiated by Greg Clarke, the chairman of the Football Association, and led by the owners of Manchester United and Liverpool, was widely condemned as a power grab by the country's most powerful clubs.

Eight clubs are receiving life-support loans from the EFL to enable them to pay wages

The radical restructure of the Premier League would have increased funding for the EFL, reduced the top flight from 20 to 18 clubs, scrapped the Carabao Cup and Community Shield and allowed top-tier teams to sell some of their own games to broadcasters.