The British government has announced plans to introduce a bill in parliament aimed at creating an independent football regulator to oversee the sport and promote financial stability. The proposed regulator would operate independently of both the government and football authorities, with the authority to impose fines of up to 10% of a club's turnover for non-compliance with financial regulations.
The legislation would also enhance tests of suitability for club owners and prohibit the formation of 'closed-shop competitions' like the European Super League. Additionally, clubs would be required to engage with fans on matters affecting their strategic direction and heritage.
