Oh?
This then.
#4 LEGISLATE FOR SINGLE, INDEPENDENT FINANCIAL REGULATOR FOR ALL PROFESSIONAL LEAGUES AND CLUBS
While all of the steps outlined above will help, the only way to secure the overall health of English football is through statutory regulation, as the Our Beautiful Game group, led by former FA Chair David Bernstein, has argued.
The sad demise of Bury Football Club stands as a testament to the complete inadequacy of the current arrangements. The Group’s Manifesto has set out a clear proposal for the new regulator and we believe it should be adopted by both the Fan-Led Review and should be the basis for urgent legislation.
Amongst other things, the regulator should be responsible for: approval of proposed take-overs of clubs considering proposed financing methods; application of a strengthened “fit and proper person” test for owners and directors; oversight of a club licensing scheme to ensure high standards of governance; and management of a system of redistribution of the game’s revenues to ensure the health of football at every level of the pyramid.