"We can force an owner to sell" - Gary meets the Independent Football Regulator

In this episode of The Rest Is Football, Gary Lineker, Alistair Campbell, and David Kogan, chair of the Independent Football Regulator, dive into the financial state of English football following a new report. The report reveals alarming statistics: 94% of clubs are losing money, and many in the EFL and National League are facing insolvency.

Kogan explains that the independent regulator was established to intervene and help prevent clubs from failing, notably motivated by events like the failed European Super League and the collapse of Bury FC. He emphasizes that the regulator aims to create financial resilience within clubs, collecting vital information to act before problems become severe.

Kogan discusses specific reforms, including mandatory licensing for clubs to ensure they have business plans and liquidity strategies. He expresses optimism that, through these measures, the football landscape can stabilize and secure the future of clubs that are integral to their communities.

The conversation also touches on the challenges posed by ownership structures, the impact of financial mismanagement, and the broader implications for the sport, highlighting the complex interplay between club finances and fan experiences. Kogan asserts the goal of the regulator is not to punish clubs but to support them in sustainability and growth.