LONDON (Reuters) - English professional soccer is set for its most radical overhaul since the rules were invented more than a century ago, the Government said on Thursday as it announced its plan to create an independent regulatory body.
Its wide-ranging white paper 'A sustainable future - reforming club football governance', published on Thursday details the powers that the regulator, once made law, will have.Here is what it will do.The Government says an independent regulator, one of the recommendations of a fan-led review, is required because of the 'underlying fragility' of the English soccer pyramid.
A new owners' and directors' test would be implemented with three key elements: fitness and propriety, enhanced due diligence of source of wealth and requirement for robust financial plans.The Regulator would have the power to prevent English clubs from joining future breakaway competitions that do not meet pre-determined criteria.
The Regulator would set a minimum standard of 'fan engagement' as part of its licensing regime, including on issues such as name changes, stadium moves and even changes of kit.
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