The Government has wasted no time in confirming its intention to create a new regulator for football, after the Culture Secretary tweeted her support after just 12 hours of a report recommending the measure.
Nadine Dorries took to social media this morning to endorse the key recommendation in a review of the English game, led by former sports minister and Conservative MP, Tracey Crouch.
Recommendation number one was the creation of an Independent Football Regulator, in order to curb the actions of reckless owners, save clubs from going bust and create a fairer financial distribution.
Ms Dorries is clearly all in favour.
Fans support for reform of football has increased after the European Super League fiasco
‘We’ve seen clubs with centuries of traditions, such as Bury and Macclesfield Town, disappear entirely, while the European Super League threatened the very foundations of the game,’ said the Culture Secretary.
‘The review also lays bare that incentives in the game all too often lead to reckless financial decision making. While the Government will take time to respond to the review’s recommendations in full, today we are endorsing in principle the review’s primary recommendation.
‘This review makes clear that we’re at a turning point for football in this country. Football clubs are the hearts of their local communities, and this Government will ensure they are properly run and fans are protected.’
Tracey Crouch’s (left) fan-led review is set to be supported by the Government. Culture Secretary Nadine Dorries has wasted no time in endorsing the key recommendation for a football regulator
The precise scope of the new regulator will be determined by Government, but it could revolutionise English football if some of the review’s more radical recommendations are implemented.
The recommendations in the Crouch report suggest it should ensure tighter financial controls and stronger governance in clubs, tougher tests for owners and directors, as well as increased amounts of money shared by the wealthy Premier League with the EFL and rest of football.
Crouch has said the Premier League will be given 18 months to agree a new financial distribution with the Premier League and remove parachute payments, or a new regulator will use its powers to impose a solution.
Clubs that receive parachute payments are twice as likely to be promoted to the top flight
However, the precise scope of the new regulator will be determined by Government, but it could revolutionise English football if some of the review’s more radical recommendations are implemented.
They include a new, 10 per cent levy on transfers between Premier League clubs and overseas sides to be handed to EFL clubs, the overhaul of the parachute payment system for relegated teams and powers to stop owners’ spending and reduce clubs’ wage bills if the regulator considers them reckless.