The bill must go through a parliamentary process before becoming law.
The bill follows a fan-led review that says a regulator is needed for the long-term financial stability of the men's professional game following issues such as financial mismanagement and plans to separate the European Super League (ESL). It is based on
The regulator's powers will center around three core objectives: improving the financial sustainability of clubs, ensuring the financial resilience of the league as a whole and safeguarding the heritage of English football.
Owners and directors of new clubs will be subject to tougher tests to prevent the possibility of putting their clubs out of business, as was the case with Bury and Macclesfield, but the new legislation will cover clubs from the National League to the Premier League. A licensing system has been proposed.
As part of the license, clubs will be required to consult fans on important off-field decisions, such as the club's traditions and the club's strategic direction.
The bill also includes new backstop powers on the distribution of money between the Premier League and the EFL, ensuring the regulator reaches a settlement if the parties cannot agree a “new contract”. Can be done.
The government has long warned football authorities that the Independent Football Regulator (IFR) has such powers of intervention.
“We are taking a huge risk in a very successful industry, so I would like to ask our MPs and MPs to consider this bill very carefully, to look at it calmly and head-on, and to ensure that the whole of the football world stands out from this bill. We are asking them to confirm that they will benefit. We will not encounter any unintended consequences,” Premier League chief executive Richard Masters said in a joint media release with the National League.
“Football is successful because we are bringing investment into this country from all over the world and investing in pitches that our fans can really enjoy. We don't want that to stop and that model is… I hope it continues.”
He added: “There are a lot of great things happening in the game so if the Premier League and the EFL themselves can come to an agreement, I would love that.”
