The regulator would oversee a new licensing system for professional clubs. Owners and directors will face stricter tests
A little to the east, Manchester City, owned by Abu Dhabi’s royal family, scooped the Premier League title last season—and £613m in revenue, the most of any European club. Its riches are drawing scrutiny as well as envy. This month the league alleged that City had broken its financial rules dozens of times over several years. If found guilty, City could lose league points or even be expelled. A banner at a recent match lauded a new signing: not a striker, but a high-profile lawyer.
The regulator would oversee a new licensing system for professional clubs. The government says they will have to show that their business models and corporate governance are sound; owners and directors will face stricter tests. The sale or relocation of a stadium—typically, a club’s biggest asset—will require the regulator’s approval and consultation with supporters. The regulator would also be able to stop clubs joining competitions such as the European breakaway.
The Premier League is where the money is. Its clubs’ combined revenues have soared from £200m in its first season, 1992-93, to perhaps £6bn in 2022-23, according to Deloitte, an accounting and consulting firm. Its rise has been fuelled mainly by broadcasting fees, now £3.5bn. Half of that comes from abroad, making the league a valuable cultural export.’s top tier, the Championship.
But the payments do give relegated teams a financial advantage, raising the stakes for the rest. The two leagues have been negotiating a new settlement: theboth wants more money from the Premier League and wants parachute payments scrapped. Whether the new regulator might eventually be called on to impose an arrangement remains to be seen.
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