Football regulator given power to block Premier League stadium sales
Sales to related or third-party companies frowned uponMeasure part of government’s football governance bill
The government is preparing to give the independent regulator powers to prevent Premier League clubs from selling their stadiums to related or third-party companies.
In June the Premier League attempted to close the loophole which enables clubs to use one-off profits from the sale of property to escape profitability and sustainability rules charges but failed to get the support of enough clubs. Eleven of the 20 clubs voted in favour of the league’s proposal at their AGM last summer, three votes short of the two-thirds majority required to secure a change in the rulebook.
