Independent Regulator to safeguard English clubs

LONDON : British Prime Minister Rishi Sunak confirmed plans for an independent football regulator to safeguard the future of English soccer clubs in his King's Speech on Tuesday.

The Independent Regulator for Football (IREF) will have the power to step in to address cash flow and other systemic issues within clubs, many of which are financially vulnerable.

"Legislation will be brought forward to safeguard the future of football clubs for the communities and fans," King Charles said in his speech.

A separate government briefing document said the fragility of the English footballing pyramid had been exposed in recent years.

"The collapse of Bury FC, the devastating impact of the pandemic on clubs, and the botched plan for a breakaway European Super League have all revealed the financial unsustainability of some clubs and the need for more accountability for fans," it said.

The Regulator will operate a licensing system which will apply to the top five tiers of English men's football with the power to act on issues including financial regulation compliance, corporate governance and fan engagement.

More stringent tests will be made on club owners, minimum standards of fan engagement will be introduced and clubs will not be allowed to join breakaway or unlicensed leagues.

Fair Game, a band of clubs campaigning to improve football governance, described the announcement as an "historic moment for football".

"(The IREF) represents a real chance to end the cycle of overspending and mismanagement that has plagued our National Game and threatened the very existence of our clubs," Fair Game CEO Niall Couper said in a statement.

"Right now clubs like Sheffield Wednesday, Reading and Scunthorpe United are staring into the abyss.

"Reckless