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Investing.com -- The United Kingdom (TADAWUL:4280) government, led by Prime Minister Keir Starmer, is contemplating reducing the authority of its anticipated football regulator. This move is part of a broader initiative to curtail bureaucracy, according to Bloomberg, citing sources familiar with the matter.
The prime minister’s office is assessing the proposals to ensure they do not hinder the expansion of the Premier League or discourage foreign investment in the UK’s leading football clubs. The sources indicated that while the regulator is unlikely to be abolished, its powers might be diminished via further amendments to legislation currently in the finalization process.
The prime minister’s office has expressed specific concerns about certain aspects of the legislation. The legislation, supervised by Lisa Nandy’s Department for Culture, Media & Sport, could potentially deter foreign investors from acquiring football clubs. This could, in turn, limit growth in the sector, according to the sources who asked to remain anonymous due to the ongoing nature of the work that has not yet been publicly disclosed.
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