UK Introduces Landmark Football Governance Bill
The new bill mandates the creation of an independent football regulator to ensure financial sustainability and prevent breakaway competitions.
- The Football Governance Bill was introduced to UK Parliament, aiming to establish an independent football regulator with sweeping powers.
- The regulator will enforce financial sustainability, vet prospective owners, and block unapproved competitions like the European Super League.
- Premier League expresses concerns that the bill could weaken the competitiveness and appeal of English football.
- The bill is a response to financial mismanagement and the failed attempt to create a European Super League, aiming to protect the heritage and financial stability of clubs.
- The independent regulator will also have 'backstop powers' to settle financial distribution disputes between the Premier League and the EFL.