Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Premier League reveals new financial rules

Wed 4th Aug 2010 | Money & Finance

The Premier League has announced new ownership and financial regulations for season 2010/11.

The new financial regulations come into place following a consultation process with the Premier League’s 20 member clubs. Each has agreed to introduce a number of new rules for season 2010/11, specifically in the areas of Club ownership, finance and HMRC reporting.

The Premier League Board believes that these new rules will complement existing financial regulation to further encourage sustainability and good governance.


These new Rules are as follows:

- Means and abilities test: A prospective new owner must provide future financial information to show the projected financial position of the Club should a takeover go through. A prospective new owner must also show proof of funds to prove they can sustain the Club for the year ahead.

- Meeting new owners: The Premier League Board will have the power to request a meeting with any person proposing to acquire control of a Club.

- HMRC reporting: The Premier League Board can request quarterly information from each Club showing that they are up-to-date with payments to HMRC in respect of PAYE and National Insurance; and

- Each Club will give HMRC permission to share directly with the Premier League Board details of any non-payment of PAYE or National Insurance.

- Owners & Directors Test: Re-named and strengthened. Persons barred from other sporting organisations/competitions and professional bodies will not be permitted to be a director of a club.

Subscribe to our RSS feed to keep up to date with all the latest football business news http://fcbusiness.co.uk/rss/

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Don’t forget to subscribe to F.C. Business Magazine to keep up to date with the latest comment from the football world. Click here to subscribe

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...

Chinese debts emphasize need for local players’ association

Thu 27th Jul 2017 | Money & Finance

FIFPro is ready to offer assistance to professional footballers in China and other parts of the world where local player associations do not yet exist. Media reports this week revealed several Chinese...

SPFL: No fresh tax scheme sanctions against Rangers

Wed 26th Jul 2017 | Money & Finance

The SPFL Board today announced, following legal advice from eminent Senior Counsel, Gerry Moynihan Q.C., that there will be no further disciplinary proceedings taken by the SPFL connected with the use...