Premier League Official Statement - Changes agreed to Owners and Directors test nufc epl
unanimously approved a number of changes to the League’s Owners and Directors Test at a Shareholders’ Meeting today.
Owners’ and Directors’ Declaration form to be tailored to address individual and corporate directors– A new Disqualifying Event for individuals/companies subject to Government sanctions – Extending the list of regulatory authorities, suspension from which will result in disqualification, to include the Charity Commission, FCA, Prudential Conduct Authority, HMRC and Gambling Commission
Greater clarity and transparency over the due diligence to be conducted by the League on a takeover, with an agreed, published list of ‘Acquisition Materials’ that must be provided to the League to facilitate its due diligence
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