UK: Government policy paper entitled "A sustainable future-reforming club football governance"

"The commercial growth of English football's top division is an achievement to be celebrated. It is a force for good in promoting the UK abroad, and a product that should be protected. However, English football is currently endangered by the high and growing risk of financial failure among clubs across its top 5 tiers. There exist fundamental problems of perverse incentives, poor governance, and defective industry self-regulation," states a white paper by the UK Department for Culture, Media & Sport, entitled "A sustainable future - reforming club football governance" published on 23/02/2023.

"These, along with the risk of breakaway competitions, threaten the stability of the football pyramid as a whole and risk leaving fans alienated and powerless. The Fan-Led Review of Football Governance (see below) highlighted the need for reform to address these issues. The Review referenced the botched plan for a breakaway European Super League, the catastrophic losses of historic clubs like Bury, and countless more clubs that have come close to liquidation due to mismanagement, as just some…