Culture Secretary Lucy Frazer has said she is confident the legislation will pass through Parliament “before the end of the parliamentary session” – in other words before a general election.
One of the leagues would have to apply to trigger the powers, and the regulator would then accept that application if it believed one of its key objectives – such as the financial sustainability of clubs and financial resilience across the leagues – would not be delivered if the powers were not triggered.
The Premier League has reiterated its concern around any “unintended consequences” of an independent regulator, and the prospect of any settlement that impacts the competitiveness of the top flight, but Parry said: “Nothing is going to change the competitiveness of the Premier League.
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