🟢 The UK Government will push forward with its plans to appoint a new independent regulator for English football unless the Premier League gets its act together samcunningham reports
are unsure if the game’s stakeholders can reach an agreement and feel government intervention by way of an independent regulator will be necessary.
“Unless the football authorities get their act together soon on agreeing a fairer share of revenue down the pyramid, we risk more clubs collapsing, with the devastating impact that can have on communities.”to abolish the parachute payment system – whereby clubs relegated from the Premier League are handed tens of millions of pounds for up to three years – which he described as “an evil that needs to be eradicated”.
The report calls for the UK Government to ensure legislation required to give the regulator statutory powers are included in the King’s Speech – due this autumn – and that legislation is passed in the present Parliament.
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