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UK government to tighten regulation

Plans to tighten regulation of English football club owners will not rule out more state-backed takeovers, a U.K. government minister said on Thursday.

The government’s Football Governance Bill would give an independent regulator powers to safeguard the future of clubs and ensure their financial sustainability. It includes strengthened tests over who can run or own clubs.

Culture Secretary Lucy Frazer said the government did not propose to block state-backed investment, such as the Saudi-backed takeover of Premier League club Newcastle United in 2021.

#uk #football

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