Noel Whelan insisted it is still a “good time to invest” in Leeds United despite the financial uncertainty surrounding football in the UK.
The former Whites and Aberdeen striker, speaking exclusively to Football Insider correspondent Dylan Childs, suggested the Qatari Sports Investment group (QSI) would get greater value out of Andrea Radrizzani at this difficult time.
However, EFL chairman Parry’s comments to MPs on the Digital, Culture, Media and Sport select committee today could have grave financial implications for United.
Wow! – now Parry describes parachute payments as "an evil which need to be eradicated"
— Martyn Ziegler (@martynziegler) May 5, 2020
Parry made it clear that he wants parachute payments to be abolished, claiming they were “an evil which needs to eradicated”.
Football Insider can reveal that Leeds would potentially lose out on £76million if they were promoted and then relegated a year later were Parry to succeed in pushing through such a change.
When asked by Football Insider if QSI would be reluctant to invest in the club amid the Coronavirus pandemic, Whelan said: “Now is a good time to invest in football clubs, it really is.
“If Leeds United are up there and QSI are still interested is that they will get more for their money.
“It is unprecedented times and nobody knows how things are going to pan out financially or how this league is going to play out with no fans coming through the turnstiles. You can plan for it but you will not be bang on with the figures.
“The club need to protect themselves. The investment would be handy because it would give the club more financial security.”
PSG owner Nasser Al-Khelaifi, also chairman of QSI, has been in talks for some time about purchasing a stake of the club from Adrea Radrizzani.
Leeds will be encouraged by the prospective Newcastle United takeover which the Premier League is in the latter stages of ratifying.
In other Leeds United news, it can be REVEALED that an offer has been made for rising Sunderland star.