[https://www.bloomberg.com/news/articles/2024-03-12/sunak-pushes-to-create-football-regulator-after-club-talks-fail](https://www.bloomberg.com/news/articles/2024-03-12/sunak-pushes-to-create-football-regulator-after-club-talks-fail).
‘Rishi Sunak’s government is planning to introduce legislation to establish an independent football regulator, after the Premier League failed to agree on a deal to share revenues with smaller clubs, according to people familiar with the matter.
The Football Governance Bill, designed to help protect the financial health of smaller clubs and prevent bigger teams from joining breakaway tournaments, was signed-off by the prime minister this week, the people said.
The decision follows a meeting on Monday, where Premier League clubs decided not to offer clubs in lower leagues a stake of broadcasting revenues, potentially worth about £900 million ($1.2 billion) over six years, a decision which frustrated politicians.
The new football regulator will have powers to monitor and enforce compliance with financial regulation requirements, corporate governance and club ownership. Clubs will also need to seek the regulator’s approval for the sale or relocation of its stadium. Bloomberg first [reported](https://www.bloomberg.com/news/articles/2023-07-29/uk-plans-to-set-up-football-regulator-with-legislation-this-year) on the move to create the regulator.‘
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by Alone_Consideration6