Peter Ridsdale: Former Leeds, Barnsley and Cardiff chairman says Premier League cash needs to flow down pyramid

Peter Ridsdale is currently the owner’s representative in Preston North End

"There is no better time than now" to "fix" some of the problems related to football finances, says Peter Ridsdale, former Leeds president.

The 68-year-old, who also spent time with Barnsley and Cardiff, wants to see "some Premier League money flowing through the leagues".

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All professional football in England has been suspended since March 13 because of the coronavirus pandemic.

It has already been said that the impact on clubs could be "devastating".

Speaking on BBC Radio 5 Live, Ridsdale, now the owner's representative at Preston North End, on the championship side, said: "I think where we are at the moment is a real opportunity to try to fix some of football's financial problems." seeing part of the Premier League money flowing through the leagues.

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"Your Premier League base team can receive £ 96 million and £ 93 million more in parachutes over three seasons, while championship teams earn £ 7 million, League One teams earn 1.5 million pounds and League Two teams earn £ 1m.

"This disproportionate flow of money needs to be corrected and there is no better time than now."

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While high-ranking teams can rely on broadcasting rights to make up most of their revenue, teams farther down the football pyramid rely much more on gate receipts.

In March, Mark Palios, president of the One Tranmere Rovers League, told BBC Sport that many clubs "operate side by side", while Portsmouth chief executive Mark Catlin said the loss of ticket sales for the remaining games in this season can "bring others down".

Plans to resume the Premier League season will increase this week in what was labeled "Project restart" with some clubs returning to training on Monday.

Ridsdale said the EFL clubs were instructed to "potentially" prepare for their return to training on May 16, but believes it may be a struggle for some clubs to survive if football finances are not shared more evenly.

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"I am not suggesting that the Premier League give up all its riches, I am just saying a smoother distribution to ensure that the game as a whole – which is very important across the country – and that all clubs survive," he said. . .

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"If we continue much longer with the current block, many of these teams will disappear. Some of them are due to how they were managed, but many just because they cannot continue without a prescription."

He added: "It is certainly for the improvement of the game as a whole in this country that we have a look at the distribution of income that reaches the top of the game, to ensure that the game thrives.

"For the sake of the English game as a whole, we have to have a strong football league."

Ridsdale took over as club president in Leeds, his hometown, in 1997, and took them to the Champions League semifinals in 2001. However, he resigned in 2003 with the club with over £ 100 million in debt and Leeds was relegated to the championship for a later season.

They joined the administration in May 2007, when they fell to the third level for the first time in their history.

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