Independent regulator who could transform English football is backed by government following the fan-led review by MP Tracey Crouch, which told the Premier League to agree or impose a new financing deal with EFL.
- The government reaffirms their support for Tracey Crouch’s fan-led review
- EFL welcomed the findings, but Premier League clubs are likely to oppose it
- If they resist, the deal will be imposed on them by a new independent regulator
Premier League clubs have been warned to sign a new financing deal with the EFL or impose a new independent regulator within the next 18 months.
The government today reaffirmed its support in principle for the findings of the fan-led review by MP Tracey Crouch, which recommended the creation of a new independent regulator for English football when it was published last night.
The precise scope of the new regulator will be determined by government, but it could revolutionize English football if some of the review’s more radical recommendations are implemented.
Tracey Crouch’s (pictured) fan-led review will be supported by the government
These include a new 10 per cent levy on transfers between Premier League clubs and foreign clubs to be handed over to EFL clubs, the overhaul of the parachute payment system for relegated teams and powers to stop owner spending and reduce clubs’ wage costs. lower if the regulator considers them reckless.
The review also called for a new, beefed-up test for owners and directors to assess character, create an equality and diversity plan, and place fans on so-called “shadow boards” to gain control over inheritance issues.
The review did not stop at urging the regulator to immediately impose a new redistribution mechanism on clubs, but said it should retain the ‘back-stop’ powers that could be used if the Premier League and EFL fail to agree a deal. deal to be reached by the time it’s formally set up, which is expected to be before the start of the 2023-24 season.
Premier League clubs could soon be regulated if they agree to a new financing deal with EFL
The EFL broadly welcomed the review’s findings, but Premier League clubs are likely to oppose it. EFL chairman Rick Parry supported the review’s proposals, saying: “It is gratifying to see the review conclude that additional distributions from the top of the game are needed alongside appropriate cost containment to support football in this country and we are watching Looking forward to ongoing discussions with the Premier League about restructuring the funding model that works for the entire game.
“This clearly extends to addressing the outdated parachute payment system that is currently disrupting finances in the EFL and I am encouraged that Tracey Crouch and her team agree that these need reform.”
In a statement last night, the Premier League said: “It is important for everyone that any reforms do not hurt our game, the competitive balance or the level of current investment.”