EFL chairman Rick Parry in favour of talks over independent regulator

The English Football League say it is willing to hold constructive discussions about the introduction of an independent regulator if it is tied into a more equitable distribution of the game's finances.

There have been calls for change in English football after recent issues with financing, ownership and the abandoned European Super League.

Speaking in August, Parry said calls for a regulator, championed by Gary Neville among others, were "knee-jerk".

"Redistribution and regulation are inseparable," said Parry in a letter to MP Tracey Crouch, who has been leading a fan-led review.

"We are therefore very happy to engage in a constructive debate about the scope of regulation required and how our work can dovetail with that of the proposed regulator.

"Without additional regulation I fear that any extra money will be frittered away and without extra money, the additional regulation simply won't work, as the majority of clubs will simply be insolvent."

The negative reaction to the European Super League - proposed and then quickly dropped by some of Europe's top clubs in April - has sparked a huge debate about how football is run.

The government has announced a fan-led review and independent regulation is set for a parliamentary debate.

Speaking in June, former Manchester United and England defender Neville said independent regulation of football is "essential".