Today the Sports minister has announced that all the recommendations in the Fans led review of football will be introduced,
In other words a bill will be included in the new Queens speech for the next parliamentary session. The Premier league are not happy
For info in Summary here are the recommendations....
The legislation will be introduced in 2023
1. SHADOW Boards OF CLUB SUPPOORTERS TO ENSURE MORE SAY. Clubs should " engage and consult on all material non football/off pitch business and financial matters
2, TRUSTS to get Golden Share in club to provide a veto on a number of key decisions, relating to sale of club, heritage issues, club badge and colours, relocation outside area, leaving or joining anew competition, club name
3. A pledge to guarantee stronger mechanisms to ensure equality and diversity in Boardrooms
4, An Independent Regulator to oversee Governance to ensure financial stability in the English game,
including oversight of club finances, information gathering, investigation and enforcement powers
5, Independent Regulator to have a chair and Board with expertise across a range of Industries, appointed by a panel of experts separate to the Government
6. Independent Regulator to operate a system of Advocacy to help clubs comply with the rules
7. A new test of club owners suitability to run the club, managed by the Independent Regulator, when an individual buys a club and thereafter, includes an INTEGRITY TEST and could extend to investigating business links, Expected to include current owners. Plus a test for Directors and Shadow directors
8. Independent Regulator to publish an Annual report setting out their operational and financial performance
9 . Greater due diligence on Owners money at point of buying a club
10. Redistribution of wealth across the English pyramid is expected to be
reconsidered but by Clubs themselves to consider, Current formula for distribution of wealth to be scrapped, A new compulsory clause to adjust players salaries
11. . Each club in the National league and above will be required to hold a licence to operate subject to certain conditions. Licence fees to be based on a sliding scale of broadcast revenue
12. The Government to explore ways to support the regulation of football agents
13. In addition to not being subject to any disqualification criteria based on existing rules, prospective new owners should also be required to:
a. submit a business plan for assessment by IREF (to include financial forecasts).
b. evidence sufficient financial resources to meet the requirements of the business plan.
c. be subject to enhanced due diligence checks on source of funds to be developed with the Home Office and National Crime Agency.
d. pass an integrity test.
13.