The UK government headed by Prime Minister Rishi Sunak is ready to regulate the course of English football in the country and massive changes and restructuring are expected in the Premier League.
Sunak has signed off and given the go-ahead for the introduction of a football regulator at the turn of the year.
This development comes just months after the Premier League rebuffed the threat of regulators being imposed on them and is set to undergo its biggest revolution since the league’s introduction in 1992.
White paper to be published
The Government is expected to resent the White Paper on the proposed legislation in the new year and no announcement is expected during the World Cup or before the festive season.
The proposals will become law by 2024. This would see a panel appointed to search for a competent indicator to head the independent football regulator.
The regulator’s office would likely have directors and various staff members who would oversee the moot issues of the game.
With the arrival of new regulators, fans and stakeholders are expected to be affected by the proposed move.
The previous UK government led by Liz Truss set out to ditch the idea of ​​the regulator with the jubilant Premier League having killed in the course of events.
The celebrations appeared to have lasted shortly after Truss was succeeded by Sunak as the new Prime Minister.
Regulator will have power to sanction clubs
The new regulator will have powers to penalize clubs that break financial and other rules. The move is billed as an attempt by the government to prevent another Bury and Derby.
While the former disappeared in 2019, Derby have since faced multiple financial crises and point deductions that have ultimately brought them to the brink of extinction.
Top clubs like Manchester City, Liverpool, Arsenal, Chelsea, Manchester United are now expected to come under scrutiny should financial rules be broken.
Manchester City are currently under investigation by the Premier League for breaking financial rules and the alleged offenses date back to 2012.
Photo Credit: IMAGO/ZUMA Wire
