Leeds United have confirmed that introduction of a new independent regulator is predicted to "materially impact" the club's finances.
The Government confirmed plans in February to introduce a new independent regulator, following recommendations from a fan-led review on football governance launched back in 2021, to oversee the financial sustainability of the game.
After the publication of their 2021-22 accounts, Leeds confirmed that - alongside the threat of relegation - a new independent regulator was listed among the financial risks posed to the club. The Whites said that its introduction is predicted to "materially impact both the club's finances and elements of the way it currently operates".