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Preparatory work is underway for the establishment of the Independent Football Regulator in the UK, aimed at protecting the football pyramid and fans from negligent ownership, as highlighted by discussions from staff members and officials. Concerns regarding the situation at Reading FC were raised during meetings with the regulator's team. However, the UK government is reportedly considering reducing the regulator's powers to avoid deterring foreign investment, which has led to changes in the regulatory Bill. The government has emphasized a duty for the regulator to ensure it does not negatively impact the financial growth of English football or investment.
Important thread about Labour's proposed "Football Regulator" from @jonmoyni – who combines serious business experience with good writing skills and a genuine love of sport. ⬇️⬇️⬇️⬇️ https://t.co/dmhQVLgSf1
The Government has already made changes to the Bill at report stage in response to concerns during its passage through @UKHouseofLords , including placing a duty on the regulator to avoid having a negative impact on the financial growth of English football as well as investment. https://t.co/JRWlhofuzu
Looking like football regulator will be very light touch so as not to put off foreign investment. @EllenAMilligan story >>> https://t.co/rAZ7IhFrzW
