Source:
REUTERS/Lee Smith
[Saba
Sports News] According to reports from British media, Premier League clubs will
be required to pay a minimum of £106 million to fund the new independent
regulatory agency, with the government funding the first ten years through
mandatory taxes. The British government has advised that Premier League clubs
contribute at least 80% of the operating costs of the regulatory body, which is
projected to reach £132.8 million during its initial decade of operation.
Additionally, the Premier League will be obligated to reimburse the regulator
for the majority of the start-up costs, which were initially covered by the
government and are expected to amount to millions of pounds. Guidance provided by
the Department for Culture, Media, and Sport states that these recovery costs
will be incorporated into taxes once determined, and the government has
expressed its expectation that at least 80% of the tax burden be borne by
Premier League clubs. The remaining 20% of the fee will be distributed
proportionally among the 72 EFL clubs and 24 National League clubs, with
smaller clubs contributing lesser amounts. The Premier League has yet to
discuss the division of their £10.6 million annual bill, potentially leading to
further disputes among the top-flight clubs.