The parachute payment debate

Going to be hard for teams going up to invest if theres no parachute payment but there does need to be something done, perhaps teams that go back straight up after being relegated get considerably less if they go down again, or teams relegated cant sign players on loan (burnley had 6 ,4 from premier clubs) surly they have more than enough money to sign players
 
Hopefully more than just paying lip service and noise. Parry was the first CEO of the premier league and also Liverpool so excuse my cynicism.
I was going to post that I thought he was ex Prem.
When did he join EFL?
I missed that happening.