The Government has taken the first step to address the significant issues facing the financial sustainability of men’s football in England this week, with the introduction of a strengthened Football Governance Bill in the House of Lords.
Responding to the news, Margaret Mullane MP welcomed key changes from the previous outline of the Bill with new measures to strengthen the voice of fans, guarantee the Regulator is independent from influence and ensure the sustainability of football’s finances.
The Bill comes at a critical moment for English football, following the attempted breakaway European Super League, and a series of high-profile cases of clubs being financially mismanaged. These cases came about as a result of fundamental governance problems in the game that have led to excessive and reckless risk-taking, and clubs living beyond their means.
The Bill will tackle rogue owners and directors, implement a club licensing regime to help ensure a more consistent approach in how clubs are run, monitor club finances and improve fan engagement throughout the football pyramid. It will also have a backstop measure to mediate a fair financial distribution down the Leagues.
Margaret Mullane MP for Dagenham and Rainham said: “English football is an essential part of the social fabric of Britain and one of our greatest exports. But despite its success, irresponsible owners, unsustainable financial models and inadequate regulation have cast a shadow over too many clubs.
“This Bill will help clubs like Dagenham and Redbridge FC thrive, establishing an Independent Football Regulator and a new set of rules to protect clubs, empower fans and keep clubs at the heart of their communities.”
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