After clubs attempted to join the European Super League, Tory Tracey Crouch started a review that led to the creation of the IFR.
However, in response, the Premier League stated that they “remain concerned” about the legislation and that it would inadvertently “weaken the competitiveness and appeal of English football.”.
The following are some of the actions included in the IFR that will be examined by parliament:
• To “prevent clubs from falling into the wrong hands,” new “stronger tests” will be applied to new directors and owners. They risk having their attempts in the future barred or even rejected;
• “Backstop powers” to mediate the Premier League and English Football League’s financial split in the event that they are unable to reach a mutually agreeable resolution;
• Due to “a number of issues in recent years including financial mismanagement, breakaway plans for the European Super League, and changes to club names, badges, and colors against the wishes of fans,” all clubs, from National League One to the Premier League, will need licenses in order to participate in competitions;
