Premier League unveils owners charter to deal with future breakout threat | Economic news

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England’s 20 top football club owners will have to sign a nine-point plan designed to maintain the integrity of the competition with the aim of avoiding any future threat of a breakaway.

Sky News has learned that Premier League clubs on Thursday received a final draft of a new “Owners Charter” to which their controlling shareholders will be required to commit each year or face severe penalties.

A club official said the document would require clubs to affirm their commitment to the English football pyramid – including promotion, relegation and qualification for cup competitions based on sporting merit – and to act in good faith and with sporting integrity.

Adhering to the charter would also prevent clubs from committing to the creation of any new tournament format not allowed by Premier League rules – thus preventing any future bid to create a European Super League (ESL).

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Six Premier League clubs have been implicated in ESL plans to pull out amid storm of fan protests

The charter, which will be discussed at a meeting of the 20 Premier League “shareholders” next week, comes three months after the six clubs that joined ESL – and then quickly abandoned it – agreed to pay £ 20million in a settlement with English football’s elite.

The club source said the charter also included commitments to support English football and its national teams; fight against discrimination and abuse; manage their clubs in an economically stable and sustainable manner; to ensure that the Premier League remains the most watched national football competition in the world; protect the well-being of players; and recognize the power of the 20 clubs as a collective.

They added that signing the document would also oblige club owners to recognize the importance of fans and the local communities in which they exist, as well as accept the claim that all Premier League clubs have “a voice. equal”.

The Premier League announced in May that it would introduce an owners’ charter, two weeks after Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur – and a handful of other top European clubs – stunned the world football by signing up for a new European Super League.

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A Premier League spokeswoman declined to comment on the content of the new shareholders’ manifesto, but a statement released after its annual meeting in May said it would aim to uphold the “principles” of the competition.

“The clubs … have accepted the principle of an owners’ charter, which will reaffirm the values ​​and expectations placed on the clubs and their owners.

“These additional rules and regulations are put in place to ensure that the principles of the Premier League and open competition are protected and provide certainty and stability to our clubs and their fans.”

It was not clear what form the penalties for non-compliance would take on Thursday, but a club officer said he was told the charter would require annual certification from owners.

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The signing of the document is expected to become part of the official Premier League rules in due course.

He should get the support of the Football Association.

The creation of the charter comes as an independent review of football governance commissioned by ministers nears its conclusion.

Tracey Crouch, the former sports minister who chairs the investigation, recommended in July that an independent regulator be put in place to oversee the game.

“The fleeting threat of the European Super League has jeopardized the future of the English football pyramid,” she wrote in a letter to Oliver Dowden, then secretary of culture.

“While this threat has diminished – for now – the dangers facing many clubs across the country are very real with their precarious future and in most cases dependent on the owners’ willingness and continued ability to finance large losses. “

In addition to the fines they agreed to pay in June, England’s six ESL clubs would also face penalties of over £ 20million and 30-point Premier League deductions if they repeated their break-up offers, under the agreement they made with the Prime Minister. League.

They quickly abandoned the ESL project amid a huge backlash from rivals, fans and politicians.

Only financially struggling Barcelona, ​​Juventus and Real Madrid have yet to officially withdraw from ESL – although they have been cleared by UEFA to compete in the Champions League this season.

The fines imposed in the Premier League were comparable to those imposed by UEFA, which announced a package of “reinstatement measures” for the nine clubs which agreed to withdraw from ESL within a 48-hour period scorching at the end of April.

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