"Being granted one will depend on submitting financial plans, meeting corporate governance standards, and consulting directly with fans on key matters. Under its proposals, the IFR would have the power to cap clubs' spending, and require them to reduce their debt. Clubs will need to apply for a provisional license from next season in what newly appointed IFR chair David Kogan said was "a transformational change"."
"In a statement, the IFR says it will place "significant emphasis on clubs' liquidity positions and the sources of funding on which they rely. "The IFR will work with clubs to stress-test their finances, to improve decision-making and ensure long-term resilience. "Should clubs be unable to demonstrate sound financial planning, the IFR will have the ability to require clubs to take steps to better manage day-to-day spending, such as increasing cash reserves, controlling costs or reducing debt," it warned."
The Independent Football Regulator will require all 116 clubs across the top five men's divisions to hold licences to compete from 2027-28. Licence approval will depend on submitted financial plans, corporate governance standards, and direct consultation with fans on key matters. The regulator would gain powers to cap club spending and demand debt reduction, with significant emphasis on liquidity positions and funding sources. The IFR will stress-test club finances to improve decision-making and ensure long-term resilience and can require steps such as increasing cash reserves, controlling costs or reducing debt. Provisional licence applications open next season and measures are open to a seven-week consultation.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]