Premier League clubs and other senior football figures have increased pressure on the Department of Culture, Media and Sport over state ownership in the English game, raising specific questions about whether a distinction will be drawn between revenue and equity when it comes to testing the liquidity of clubs.
There is a feeling that a more general framing of the rules could have the unintended consequence of diminishing competitive balance, while also worsening the very issue the independent regulator is being set up to tackle.
