The United Kingdom government has introduced a new bill, known as the Football Governance Bill, to Parliament today. This proposed legislation is aimed at establishing an independent football regulator that operates separate from both the government and football authorities. The primary responsibility of this regulator will be to oversee clubs in the top five tiers of men’s football in England.
The key objectives of this bill encompass improving the financial sustainability of clubs, ensuring financial resilience across the leagues, and safeguarding the heritage of English football. As part of the proposed requirements, clubs will be required to obtain a license that covers fan engagement, corporate governance, and financial reporting. Additionally, a new owners’ and directors’ test is also being introduced within the bill.
Andrew Cullen, the chief executive of Portsmouth Football Club, has expressed the club’s strong belief in the necessity of the Football Governance Bill. He emphasized the importance of all clubs operating in a responsible and financially sustainable manner. Cullen also extended gratitude to local Members of Parliament (MPs) Stephen Morgan, Penny Mordaunt, and Dame Caroline Dinenage for their unwavering support in bringing the bill to Parliament. Their efforts are considered instrumental in delivering a more financially sustainable industry, while also safeguarding the clubs for the communities they serve and for current and future supporters.
Rick Parry, the chairperson of the English Football League (EFL), also voiced support for the arrival of the Football Governance Bill in Parliament. He highlighted the significance of this legislation in addressing the financial challenges faced by football clubs, with the ultimate aim of ensuring their long-term sustainability. Parry emphasized the need for an independent input to create a fair and competitive environment and commended the proposal to establish an Independent Football Regulator as part of the reform.
The EFL is pleased with the commitment of the Government to the State of the Game Review, which will serve as the foundation for the Independent Regulator’s work in achieving financial sustainability. Moreover, the League looks forward to actively participating in the review process and collaborating with clubs, parliamentarians, and officials to ensure that the Football Governance Bill is well-equipped to safeguard the game for future generations.
In conclusion, the introduction of the Football Governance Bill signifies a significant step towards addressing the financial challenges in English football and ensuring the long-term sustainability of clubs. The support and collaboration of various stakeholders, including football clubs, MPs, and league officials, will be vital in shaping the bill to deliver a robust regulatory framework for the future of the sport.