The British government is planning to establish an independent football regulator to oversee the sport and encourage financial stability via a bill introduced in the Parliament. The regulator will be independent of government and football authorities with the power to fine clubs up to 10 percent of their turnover for noncompliance with financial regulations, the government said in a press release on Tuesday. The legislation will strengthen tests of the suitability of those running clubs and would also block “closed-shop competitions” such as the frequently proposed European Super League. Clubs will also be obliged to consult fans over matters such as strategic direction and anything that impacts their heritage. “For too long some clubs have been abused by unscrupulous owners who get away with financial mismanagement, which at worst can lead to complete collapse,” Prime Minister Rishi Sunak said.
“This bill is a historic moment for football fans – it will make sure their voices are front and centre, prevent a breakaway league, protect the financial sustainability of clubs, and protect the heritage of our clubs big and small.” “Football is nothing without its fans,” Culture Secretary Lucy Frazer said. “We are determined to put them back at the heart of the game, and ensure clubs as vital community assets continue to thrive. “The new independent regulator of football will set the game on a sustainable footing, strengthening clubs and the entire football pyramid for generations.” Facing a possible reduction of its powers, the Premier League – the most-watched and most lucrative domestic league in the world – said it would study the bill and work closely with the government, having previously voiced concerns about how a regulator could potentially damage the league’s ability to attract investment.
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