Football Regulator Has ‘Absolute Power’ to Force Club Owners to Sell, Says Kogan
David Kogan says the new regulator can remove owners who fail conduct tests as it weighs intervention after Manchester City’s 114-rule breach appeal.
- On Wednesday, Independent Football Regulator chair David Kogan stated the watchdog holds "absolute power" to force Manchester City's owners to sell if investigations confirm the club was run improperly.
- Man City was found guilty of 114 breaches of Premier League financial rules, including "sham" commercial arrangements to inflate revenues by over $1.2 billion across nine seasons.
- Unlike the Premier League, the regulator focuses on individual conduct, with Kogan stating, "We would judge against the tests of ownership and senior directors and executives."
- With Man City having lodged an appeal, Kogan noted it is "premature to talk about any action" until the legal process concludes and questions are answered.
- Kogan confirmed that legislation does not preclude state-backed takeovers involving a "Norwegian sovereign fund," though he pledged to resign if political interference occurs in any investigation.
11 Articles
11 Articles
Regulator has ‘absolute power’ to force Man City owner to sell if charges upheld
City have been found guilty of circumventing Premier League rules by an independent commission, which found they set up “sham” commercial arrangements to inflate revenues or reduce costs by over £900million over a nine-season period.
The Independent
The Independent (US)Regulator has 'absolute power' to force Man City sale if guilty verdict upheld
Manchester City have appealed against the guilty verdict
Independent Football Regulator confirms it has 'absolute power' to force Man City owners to sell the club
The Independent Football Regulator (IFR) chair, David Kogan, confirmed it has "absolute power" to force Manchester City owners to sell if the charges against them are upheld.City were found guilty of breaching 114 Premier League financial rules last month and lodged an appeal against the verdict.The club has consistently denied any wrongdoing after being found to have inflated their revenue by £900million from the 2009-10 season to 2017-18.They …
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