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“We are making substantial progress on bringing the Independent Football Regulator regime forward,” he added.
“We will support clubs at every step to reinforce these higher standards.”
In a statement, the IFR says it will place “significant emphasis on clubs’ liquidity positions and the sources of funding on which they rely.
“The IFR will work with clubs to stress-test their finances, to improve decision-making and ensure long-term resilience.
“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.
The…
