Having read the white paper and the suggested changes I personally think too many are expecting things from the regulator that simply isn’t being proposedBe stunned if they actually hold any serious power to stand firm in a position against the PL.
Not too distant from UEFA licensing already in place there will be all sorts of requirements to obtain an English Club licence but once you get down through the leagues it will be simply impossible because of costs at say NL and EFL 2 to put in place the process and appoint the individuals who will almost certainly will require funding.
You then come down to things like the money trickling down from the PL to the EFL. I do wonder if that would be open to challenge.Irrespective I think this is dangerous territory for a couple of reasons 1) The PL supports a number of initiatives outside of the EFL will they , the PL clubs, simply comply with what they are required and no more 2) What happens to funding below the NL the EFL certainly haven’t helped these clubs out and it’s actually below tier 1 on non league that get little to no funds and the step up from not being regulated to having to gain a licence will for many clubs stifle any future ambition. 3) Parachute payments basically enable clubs that gain promotion to know if the worse comes to the worse they will receive significant help if they go straight back down.
If that safety net is removed all that will happen is many promoted clubs will not take any risks probably sticking to the promotion squad that in all likelihood get instantly relegated and the club (s) will be prime for a significant in year profit
As for things about enhanced fit and proper and protection of historic assets clubs etc I am far from convinced that any regulator will have close to a the ability to see into the future because todays fit and proper can simply be tomorrows unfit and not proper but if there isn’t anyone to take an ailing club forward what happens to the club and or its assets?
Things like FFP, PSR, won’t be under the regulator nor will the formulation of such rules my suspicion is simply that the regulator will ensure adherence to process not the outcome of process