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Premier League clubs urged to pay transfer tax in a fan-led review of British football – Soccer Sports

A fan-led review of British football by the UK Government recommends imposing a transfer tax on Premier League clubs as a means of redistributing money from the elite level of the game to lower divisions and grassroots.

According to reviews, a 10% tax on Premier League transfers is one of several key recommendations from the 162-page report conducted by MP Tracey Crouch, which is £ 160 million annually for low-league clubs. May be procured.

In this review, we will create an independent regulatory agency to deal with game finances, club ownership, corporate governance, and the creation of a “golden share” for fans who need the consent of their supporters on certain issues. Is also required.

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This report was created to investigate the issues of the game following fan protests that lower league clubs will be in operation and controversial plans from top clubs such as the proposed withdrawal European Super League. ..

In one of the 47 recommendations, the report states: “If a 10% levy was applied in the last five seasons, an estimated £ 160 million per year could have been raised for redistribution.

“This is a relatively modest cost for Premier League clubs, but each year we could turn the game into the rest of the football pyramid.”

In the preface of the report, Krauchi stated that the panel’s “main recommendation” was the establishment of the Independent Regulatory Authority (IREF) for British football.

“This will run a professional men’s soccer licensing system,” Klauchi said. “The licensing terms ensure financial sustainability through financial regulation and improve club decision-making through items such as the new corporate governance code for professional football clubs, improved diversity and increased supporter involvement. We need to focus on the measures. “

If approved by the UK Parliament, IREF will also introduce stricter owner and board testing with the aim of increasing club protection.

Clauch told the Times that the recent acquisition of Newcastle United from a Saudi-backed consortium would have been more scrutinized if an independent regulatory agency had been set up.

Julian Knight, head of the Cultural Media and Sports Selection Committee, a parliamentary sports watchdog, said prompt government action is now needed.

“The Secretary of State should consider introducing football regulators in the next Queen’s Speech. Today, we must mark the beginning of building a stronger, more equitable and more sustainable national sport.” Said Knight.

The Premier League was more cautious about its response.

“We recognize the vital importance of our fans and the need to restore and maintain their trust in football governance,” he said in a statement.

“We also recognize the need for some form of independent regulation to protect the essential strengths of British football,” the league added.

“It is important for everyone that any reforms do not compromise our game, its competitive balance, or the current level of investment.”

Information from Reuters contributed to this report

– Soccer Sports

Premier League clubs urged to pay transfer tax in a fan-led review of British football

https://www.espn.com/soccer/english-premier-league/story/4530160/premier-league-clubs-urged-to-pay-transfer-tax-in-fan-led-review-of-english-football Premier League clubs urged to pay transfer tax in a fan-led review of British football

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