Leaked documents have reportedly been seen by insiders, revealing government plans to increase safeguarding over football ownership.
As reported by the Sun, investors would have to prove their viability as an owner, as well as the origins of their wealth in a clampdown on controversial foreign shareholders.
The incorporation of a club-funded independent regulator will help to ensure ownership is handed over to law-abiding custodians, with the intention of running and maintaining a football club, rather than solely as a profitable endeavour.
The documents have been coined as the ‘Football White Papers’, with the government intent on pushing through perhaps the most radical shake-up to English football since the creation of the Premier League.
It’s about time Gov published the long-awaited football white paper.
More than a year after the Fan-Led Review, following the European Super League fiasco, and a number of clubs on the brink, it can’t come soon enough. Yet it still won’t be actual legislation for years to come https://t.co/O59zVWsKau
— Lucy Powell MP (@LucyMPowell) February 1, 2023
As well as transparency being a requirement for new owners, the government intervention will also help to protect the tradition of a tiered football with measures to prevent breakaway leagues, such as the infamous European Super League proposal in 2021 which was left languishing amid heavy backlash from fans.
Speaking of fans, the legislation will hand greater power back to those who prop up the system on a daily basis, while owners will not be able to change logos or kit colours without proper consent or approval.
Lower league clubs will also be in line to benefit from the new proposals, with concerns over a disproportionality in television revenue set to be resolved with the government enacting intervention powers to allow more money to trickle down the tiers.
Michelle Donelan, the Culture Secretary and the chief architect of the plans, is eager to install a regulator in time for the 2024/5 season and, according to reports, the reveal of said plans is due in the very near future.
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