UK Culture Secretary Warns Premier League Clubs of Impending Football Regulator Intervention

The UK's culture secretary, Lucy Frazer, has issued a warning to Premier League clubs that if they fail to reach a funding agreement with the Football League, it will be imposed on them by the new football regulator. Frazer made this statement at the FT Business of Football Conference in London, just before top-flight clubs convened to negotiate a 'New Deal' funding package.

The primary objective of the new regulator, according to Frazer, is to ensure financial stability across the game. She emphasized that the regulator's role is not to mediate disputes but to facilitate agreements. However, if the clubs are unable to come to a resolution, the regulator will step in.

Frazer clarified that the regulator will have limited powers and will not intervene in matters concerning the ownership of Premier League clubs by foreign entities. She stressed that the regulator's focus is solely on financial stability and that foreign investment is an integral part of the game's competitiveness.

The culture secretary highlighted the importance of the Premier League as a cultural export and expressed the government's desire to protect its reputation. She stated that the bill does not address the issue of foreign ownership but rather aims to ensure that clubs are well-managed by their owners.

In conclusion, the impending appointment of a football regulator signals a shift towards greater financial accountability in the sport. Premier League clubs are urged to reach a funding agreement with the Football League to avoid intervention from the regulator. The government recognizes the significance of foreign investment in the game but emphasizes the need for clubs to be run efficiently and responsibly.