Independent Football Regulator could fine owners 10% of club revenue or compel sale

Government wants IFR to be active in NovemberIn serious cases, owners could even be forced to sell upRogue owners in English football’s top five divisions could be fined up to 10% of a club’s revenue and even required to sell up under plans set out by the new Independent Football Regulator (IFR).The proposals for a new test for owners, directors and senior executives are critical to the regulator’s activities in a climate in which clubs such as Morecambe and Sheffield Wednesday have experienced existential peril. Their intention is to assess the “honesty, integrity and financial soundness” of those currently or potentially running a club. They have been published for public consultation until 6 October, with the intention that the new regime is imposed as soon as possible. The government wants to fast-track the regulator’s start so that its powers are activated in November. Continue reading...

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