The Government has introduced legislation for an independent regulator which will have the power to fine clubs up to 10 per cent of their turnover for failing to comply with with financial regulations
Many consider the introduction of a regulator to be a significant step in the development of the English game, but what will it actually mean for your club?How the independent regulator will impact the Big Six, especially where English clubs are involved, and the league’s name being trademarked by the Danish Superliga, it still features front and centre in the headline powers provided to this proposed regulator.
Another of the regulator’s slated powers is control of a strengthened owners’ and directors’ test, which would allow them to have final say on bids to buy English clubs., this is only likely to affect Liverpool, Spurs or Arsenal in the near future if and when they come up for sale. That’s because the regulator’s new powers are all about sustainability, a word that has been misused as justification for the suffocating Financial Fair Play rules.
“There will be enhanced abilities to prevent people from taking over football clubs,” football finance expert Kieran Maguire explains toAnd there will be a licensing system too where the independent regulator is able to impose specific demands that relate to specific owners. Who wouldn’t welcome a shadowy owner being made to engage more with their supporters?
“If the regulator were in place now, then the backstop powers could be triggered straightaway,” said Parry, whose members stand to gain hundreds of millions from the deal with the Premier League.“But the backstop power was a theory, it has always been in there from the Government’s perspective now it’s there in black and white and real and it can potentially be triggered straightaway.”
While music to the ears of some EFL clubs in dire need of a cash injection, it is the regulator’s powers over ownership that will be of most interest to the likes of Reading fans.has often been cited as the latest example of people who should not have been allowed to take ownership of a football club in England.
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