Friday briefing: English football regulator to have power to tackle parachute payments

The new independent regulator for English football is set to be given “new powers", including over parachute payments, under the UK government’s Football Governance Bill.

The bill was introduced yesterday in the House of Lords in an attempt to speed up the legislation. In "major changes" to the bill, the Labour government is set to strengthen the regulator's remit, which will oversee clubs in the top five tiers of the game.

As reported by the BBC, as with the original legislatio