The bill must undergo the parliamentary process before becoming law.
The laws follows a fan-led review, which called for a regulator to make sure the long-term financial stability of the lads’s skilled game after problems including financial mismanagement and plans to interrupt away from the European Super League (ESL). It was obligatory.
The regulator could have powers revolving around three foremost objectives: improving the financial stability of clubs, ensuring financial flexibility in leagues and protecting the heritage of English football.
New club owners and directors will face stronger scrutiny to assist prevent the likelihood of clubs going out of business, as was the case with Bury and Maxfield, while covering clubs from the National League to the Premier League. A licensing system has been proposed.
As part of their licence, clubs must seek the advice of their fans on key off-field decisions, comparable to the club’s heritage and the club’s strategic direction.
The bill also includes latest backstop powers around financial sharing between the Premier League and the EFL, in order that if the 2 sides fail to agree a ‘latest deal’, the regulator can ensure a settlement is reached. Be done.
The government has long warned football officials that an Independent Football Regulator (IFR) would have such powers to intervene.
“We are taking a big risk with a very successful industry and so we are asking MPs and colleagues to look at the Bill very carefully and look at it impartially and make sure that That football gets all the benefits, and we don’t hit unintended consequences,” Premier League chief executive Richard Masters said in a joint media release with the National League.
“Football is successful because there is investment in it, investment from around the world coming into this country and investment in the pitch for real enjoyment by the fans. We don’t want it to suffocate, We want this model to continue.
He added: “There are lots of good things happening in the sport and I would like if the Premier League and the EFL themselves could come to an agreement.”
Credit : www.bbc.com
