Rick Parry, chairman of the EFL, argues against claims that an independent football regulator would harm the Premier League's growth, calling these notions "complete nonsense." The proposed Football Governance Bill, currently progressing through Parliament, aims to establish an independent regulator responsible for overseeing corporate governance and financial reporting in England's top football leagues. This regulator would also ensure proper communication between clubs and fans regarding ticket pricing and relocation. It aims to support financially struggling EFL clubs through equitable financial redistribution, amidst Premier League concerns about potential negative impacts of regulation on competition.
Rick Parry, chairman of the EFL, stated that claims regarding an independent football regulator hindering the Premier League's growth are "complete nonsense" and highlighted its potential benefits.
The Football Governance Bill aims to create a regulator that will enforce corporate governance standards and ensure clubs engage with fans, benefiting the entire men's professional game.
Despite concerns from the Premier League regarding external regulation, Parry emphasized the need for a regulator to help cash-strapped EFL clubs and maintain financial fairness.
Under proposed backstop powers, the new regulator could mediate disputes between the Premier League and EFL regarding financial redistributions, addressing the financial strains faced by lower division clubs.
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