Don’t fear football regulator, league chief Rick Parry tells rich clubs | Global News Avenue

EFL president Rick Parry told the BBC that claiming an independent football regulator could stifle Premier League growth, foreign investment is “totally nonsense”.

Under changes to the government bill that changes parliament, the proposed regulator will have the responsibility to avoid negative impacts on the financial growth of the UK game.

But government sources have complied with Report 10, which is about to expand the authority of regulators as part of a broader move to cut bureaucracy.

Mr Parry said the proposed changes would benefit the entire men’s professional game, but wealthy clubs “have no need to worry” about them.

this Football Governance Act Its upper house phase will be completed next week, after which it will be sent to Commons for consideration by members of Congress.

It will create a regulatory body independent of the government and the sporting authorities to oversee the men’s competition in England’s top five.

Regulators will establish mandatory conditions related to corporate governance and financial reporting.

The club will also be asked to engage in “effective participation” with fans to change ticket prices and any suggestions for relocating homes.

Under “supporter power”, if funds are not agreed to redistribute to EFL clubs, regulators can intervene between the Premier League and the EFL, many of which are cash-poor.

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The Premier League has repeatedly believed that British football has the ability to regulate and said that any external regulations are “commendative”.

It warned that “unexpected consequences of legislation could undermine the competitiveness and appeal of British football”.

Bloomberg reports After lobbying by Premier League owners, No. 10 reviewed some measures of the bill again to ensure foreign investors are discouraged from buying British clubs.

Sir Keir Starmer and Prime Minister Rachel Reeves both put economic growth and investment at the center of government plans.

Last week, the Prime Minister announced that NHS England would be abolished and under “democratic control” to cut bureaucracy.

he It’s been too long since politicians “choose to hide behind numerous Quangos” – Organizations funded by taxpayers but not directly controlled by the government.

But sources from the Department of Culture, Media and Sports, which are being passed through Parliament’s trial of the bill, told the BBC that it is consistent with Downing Street, which requires a “light touch” of football regulators.

Mr Parry told the BBC government that different regions often have different opinions.

But he said that in the last week, he was encouraged by the way ministers successfully resisted attempts by conservative peers to undermine the House of Lords legislation and “impressive whiplash operations.”

The power of independent regulators has been in manufacturing for many years, with several lower-level clubs suffering from financial mismanagement. In some cases, like Bury and Macclesfield towns, it completely collapsed.

Mr Parry said many members of Congress, especially in northern towns, were very aware that the Lower League football club is at the “heart of the community.”

He added that the Premier League club’s arguments do not have “a lot of evidence” that the proposed regulator could undermine its financial competitiveness.

He believes: “No one wants to kill the Golden Goose or impose unnecessary bureaucracy”, but the Premier League must “fulfill its responsibilities”.

Mr Parry pointed out that the “growth” between the Premier League and the EFL, saying that the gap of financial gap of £11 million has soared to £3.3 billion since the highest level in 1992.

He said the fact that the three clubs are immediately relegated from all three of the clubs that have advanced in 2023 next season underscores an increasingly “incredible gap.” He said.

The bill was originally proposed in March 2024 by comments led by fans led by former sports minister Tracey Crouch.

But when Rishi Sunak held a general election, it ran out of parliamentary period.

When it took office, Labor reintroduces billexpected to protect the club’s “financial sustainability”.

Under Kemi Badenoch, the Conservatives changed their position and are now against the bill.

Badenoch believes it will be a “waste of money”.

Mr. Parry said he still wants to interact with conservative leaders with the merits of the regulator, adding that he believes many grass-roots Conservatives still support the idea.