The IFR has also proposed to limit clubs’ debt burdens

The Independent Football Regulator will have the power to cap clubs’ spending, limit their use of debt, and require them to place money in escrow that can only be released with its blessing, according to its latest proposals.

The measures are part of licensing conditions that clubs will have to meet in order to be able to compete in the top five tiers of English football, and have this week been opened up for a period of consultation .

It comes after the IFR stepped up activity last week with confirmation of the appointment of its first chair , media rights expert David Kogan, and chief executive, former EY partner Richard Monks .

“We are making substantial progress on bringing the Independent Football Regulator regime forwar

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