Publication
The UK Football Governance Bill: Impact on ownership
The UK Football Governance Bill (the Bill), reintroduced by the current Labour government in 2024, marks a significant shift in the regulation of English football.
Global | Publication | January 2018
The government announced in December 2017 that, as part of its new Anti-corruption Strategy, it will publish a draft bill during the current parliamentary session to establish a public register of the beneficial ownership of overseas legal entities owning, or wanting to buy, property in the UK. It has also just announced that the register will go live by early 2021.
A key driver for the proposed new register is to try to ensure that the UK property market is seen as fair, transparent and clean. On the other hand, the government is conscious of the need to strike the right balance, so that the register does not deter foreign investment in the UK.
Comments on proposals for such a register were invited last year. These included that:
Once in place, the register will supplement the existing “Persons of Significant Control” (PSC) regime which came into effect in the UK on 6 April 2016. This requires certain UK companies (and other legal entities) to keep a register of people with significant control over the company and to record that information at Companies House.
For further information please contact Sian Skerratt-Williams or your usual contact at Norton Rose Fulbright.Publication
The UK Football Governance Bill (the Bill), reintroduced by the current Labour government in 2024, marks a significant shift in the regulation of English football.
Publication
Our report last year included a summary of the Premier League’s profit and sustainability rules (PSR) and discussed both how owners have reacted to the rules and our predictions for the likely impact on future ownership of Premier League clubs.
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