FSA welcomes EFL finance and sustainability review
Posted on 6th September 2019
Last night the EFL announced that it is to undertake a comprehensive review of its regulations and procedures concerning the financial sustainability of its member clubs.
Led by independent QC Jonathan Taylor, the review will consist of two phases: an investigation into the events surrounding the crisis at Bury FC followed by an examination of the EFL’s current regulations.
The FSA welcomes the review and will continue to contribute to an ongoing dialogue with the EFL and football authorities around our ideas for improving the governance of the game.
The news follows a meeting last night of representatives from Forever Bury, Bolton Wanderers Supporters’ Trust, Blackpool Supporters’ Trust, the FSA and the EFL, including its executive chair Debbie Jevans.
Supporter representatives discussed their specific concerns around ownership and governance of EFL clubs. Following an honest exchange of views Forever Bury said they will write to the EFL board outlining their request for Bury FC’s readmission to the league in the 2020-21 season.
“This review will help everyone to understand what happened at Bury and ensure that, collectively, we learn and apply the right lessons for the future,” Jevans said.
“The financial sustainability of EFL Clubs is of vital importance to supporters and communities across the country as well as to the growth and development of the League itself.
“The EFL recognises its responsibility to examine whether we can improve our regulations and procedures in this area.”
Earlier this week the chair of the Department for Digital, Culture, Media and Sport Select Committee, Damian Collins MP, said his committee would be looking into the issue of football governance in the autumn.
A coalition of politicians, including Manchester Mayor Andy Burnham and local MPs, also emerged backing Forever Bury’s campaign to have the club re-admitted to the EFL – this coincided with the launch of a crowdfunding campaign by Forever Bury to rebuild the club.
The initial goal of the crowdfunder is to raise £1m.
Thanks to PA Images for the image used in this article.