Regulator will have power to block English clubs from joining Super League

EFL chairman Rick Parry, who believes his organisation's plan to reform the flow of cash from the Premier League down the pyramid is the healthiest solution for the whole game - including the top flight. Pic: Mike Egerton/PA Wire.

Ministers have announced plans for an independent football regulator to oversee the financial sustainability of the men's game in England, with powers to prevent clubs from joining breakaway leagues.

The regulator would license clubs, requiring them to demonstrate sound financial business models, run robust owners' and directors' tests and give fans a greater say in the running of clubs.