Wednesday briefing: Regulator to require English clubs to hold financial reserves fitting risk level

The Independent Football Regulator (IFR) will require English Football League (EFL) and National League clubs to hold financial reserves based on their assessed level of risk, according to The Athletic.

IFR has opened a six-week consultation on how the rules would work, with assessments due to begin in June 2027 and full compliance expected by 2030.

Under the proposed thresholds, low-risk clubs would have to hold reserves equal to one month’s wages. Medium-risk clubs would also