“We are making substantial progress on bringing the Independent Football Regulator regime forward,” he added.<\/p>\n
“We will support clubs at every step to reinforce these higher standards.”<\/p>\n
In a statement, the IFR says it will place “significant emphasis on clubs’ liquidity positions and the sources of funding on which they rely.<\/p>\n
“The IFR will work with clubs to stress-test their finances, to improve decision-making and ensure long-term resilience.<\/p>\n
“Should clubs be unable to demonstrate sound financial planning, the IFR will have the ability to require clubs to take steps to better manage day-to-day spending, such as increasing cash reserves, controlling costs or reducing debt,” it warned.<\/p>\n
The licensing measures have been opened to consultation for the next seven weeks.<\/p>\n
Once introduced, they will require clubs to consult with their fans on matters such as business priorities, club heritage and ticket prices. Supporters’ views must be taken into account when decisions are made, though they will not have a veto.<\/p>\n
Clubs will also have to publicly report on how they are meeting a new code “to foster good governance, decision-making, and improve overall club management”.<\/p>\n
Last week Kogan told BBC Sport the watchdog would have the power to force unsuitable owners to sell a club “as a last resort”.<\/p>\n
“Many clubs are operating at a loss – it’s not just a few,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":"“We are making substantial progress on bringing the Independent Football Regulator regime forward,” he added. “We will support…\n","protected":false},"author":2,"featured_media":210866,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[563],"tags":[64,63,596,85],"class_list":["post-210865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-football","tag-au","tag-australia","tag-football","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/210865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=210865"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/210865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/210866"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=210865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=210865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=210865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}