Football

Ivan Toney recalled to England squad, Spurs head for trophy parade: football news – live


Key events

Paul MacInnes

Paul MacInnes

The government is to amend a key part of the Football Governance Bill to allow the regulator to impose a financial settlement on the Premier League and EFL.

A failure to strike a new deal on financial redistribution, whereby the Premier League shares some of its broadcast revenue with clubs lower down the football pyramid, has been one of the driving forces behind the creation of an independent regulator for the game.

As part of the regulator’s proposed powers, the bill would provide for a ‘backstop’ mechanism whereby either party could ask the regulator to intervene should they be unable to strike a deal between themselves. Under the original legislation, however, any settlement would have to be proposed by the Premier League or EFL first, before the regulator could enforce it.

Under new amendments published today, however, the regulator is to be given the ability to select a third plan of its own making. This would come into effect should the proposals from competition organisers not meet the regulator’s objectives of protecting ‘the financial soundness of clubs’ and ‘the financial resilience of English football’.

The updated process is seen by the government as moving away from a ‘winner takes all’ model to a negotiated solution, albeit one which will be driven by deadlines set by the regulator. The Football Governance Bill is in the process of completing its process through parliament, and has reached the final ‘committee’ stage in the house of commons.





READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.