Biggest shake up to football ownership in years leaked – what it means for your club
More than 60 sides have gone bust since the Premier League was founded in 1992.The regulator would require clubs to have deep enough pockets to stop themselves going bust — and establish a new code of conduct ensuring financial stability. Ministers hope the regulator will significantly reduce the prospect of clubs going bankrupt.In such a “worst case scenario”, the regulator will prioritise preserving its cultural heritage.
Struggling sides in lower leagues will also get a cash boost so they do not have to rely on Hollywood A-listers — like— to stump up much-needed funds. While the Government wants to see a “football-led resolution” by the Football Association, it plans to hand the regulator powers of last resort to distribute money if no agreement is reached.
However, despite the widespread powers, the regulator will not be able to stop soaring ticket prices or interfere with fixtures or the rules of the sport.Fans will get more say in how clubs are run under the new plansCredit: Getty
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