Football regulator won't harm Premier League, says Parry

Rick Parry, the chairman of the English Football League (EFL), has dismissed concerns that an independent football regulator will harm the Premier League. He believes claims that the regulator could restrict growth and foreign investment are "complete nonsense." The government is proposing a regulator through a bill currently in Parliament. This regulator would focus on maintaining financial stability in English football, especially for lower division clubs. Parry stated that wealthy clubs should have "nothing to fear" from this change. The Football Governance Bill aims to establish an independent body that would oversee the top five divisions of men's football in England. The regulator would set mandatory governance and financial reporting conditions for clubs. It would also require effective communication with fans regarding ticket prices and any changes to home grounds. Furthermore, it could intervene in financial negotiations between the Premier League and EFL to ensure fair distribution of funds, as many EFL clubs face financial challenges. The Premier League, however, insists it can self-regulate. It argues that external regulation should not weaken English football's competitiveness. There are concerns from Premier League owners that proposed measures might discourage foreign investment in clubs. Meanwhile, the government aims for a "light touch" in regulation. Parry highlighted the financial gap between the Premier League and EFL, which has drastically increased since 1992. He pointed out that lower league clubs are vital to their communities and that many politicians understand their importance. He noted that the Premier League's claims about potential damage from the regulator lack evidence. The bill has a complicated history. It was introduced by the previous Conservative government and then reintroduced by Labour after the election. Some Conservative members have now shifted their stance against the bill, with arguments that it may be a waste of resources. Despite this, Parry hopes to continue discussions with Conservative leaders about the benefits of the regulator.