by Mase » Tue Nov 07, 2023 1:57 pm
The plan for a new independent regulator in English football has been outlined in the King's Speech.
In February, the government announced plans to appoint a regulator, following a fan-led review last year.
King Charles said the Football Governance Bill, which will introduce a regulator, will "safeguard the future of football clubs for the benefit of communities and fans".
A strengthened owners' and directors' test is part of the plan.
The regulator also aims to prevent historic clubs going out of business, and give fans greater input.
The planned legislation follows last year's fan-led review, chaired by former Sports Minister Tracey Crouch, which said a regulator was necessary for the long-term financial stability of the men's professional game.
In a statement on X, formerly Twitter, Crouch said she was "delighted" it was mentioned in the speech and "an important step" for English football.
Niall Couper, chief executive of football governance campaign group Fair Game, added: "Today's announcement is a historic moment for football and 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.
"We believe the regulator has a huge responsibility and must have the powers to impose the new rules, create a fairer financial flow, and, crucially, help clubs introduce the changes required."
The King's Speech was Rishi Sunak's first as prime minister - and could be his last before the next general election, which is expected next year and must happen before January 2025.