Mon 21 Jul - Posted in Breaking News
Time to read: 2mins
Following the announcement from the Government of the formal passage of the Football Governance Act, the League has issued the following statement from EFL Chair, Rick Parry.
Rick Parry, EFL Chair, said: "The Football Governance Act becoming law is a watershed moment in the history of English football and lays the foundations for a transformational change in the way the game is governed at all levels for many years to come.
"Our purpose is to make all Clubs sustainable, enabling them to rise and fall through the pyramid without the threat of financial catastrophe. The Act represents a significant improvement on the Bill first introduced to Parliament last year.
"Central to it is the State of the Game Report which will provide the first ever objective, comprehensive and independent analysis of the game’s finances.
"It will guide the regulator in defining, and meeting, its sustainability objectives.
"Solutions which are evidence led are most likely to be in the best interests of Clubs, supporters and the wider communities they serve.
"As we have stated at regular intervals throughout this process, the EFL has been a consistent advocate for reform and independent regulation, going back to the Fan Led Review in 2021, recognising that the existing distribution of revenues across the game is destabilising, ever widening, and deeply unfair.
"The League will now look to continue the positive and collaborative engagement we have enjoyed with the Shadow Football Regulator team over recent months, offering our wholehearted support across multiple workstreams in this transitional period, while also preparing our 72 Clubs for the immediate changes which lie ahead.
"I would again like to place on record our thanks to Secretary of State Lisa Nandy MP, Minister for Sport, Stephanie Peacock MP, Dame Tracey Crouch, and all of the other ministers, peers, elected representatives and officials that have paved the way for the Act.
"Both the League and our Clubs have greatly appreciated the consideration, commitment and care which you have continually demonstrated throughout."
