The Premier League will be forced to give away hundreds of millions to the wider football pyramid if it cannot come up with a fair alternative by the summer, the government has warned.
Such an agreement was described as “some way off” in ministers’ formal response to the Fan-Led Review of Football Governance, leaving open the possibility that legislation will be written up to give an independent regulator the authority to seize up to 25 per cent of the competition’s broadcast revenues - and possibly 10 per cent of transfer fees - for the benefit of the wider game.
