World

Premier League wants clubs to sign Owners’ Charter

By Reuters 10 June 2021
Caption
View of the pitch at the London Stadium ahead of the English Premier League soccer match between West Ham United and Arsenal FC in London, Britain, 12 January 2019 (re-issued on 13 March 2020). The Football Association (FA) on 13 March 2020 confirmed that all English Premier League soccer matches have been suspended until 03 April 2020 amid the coronavirus COVID-19 pandemic. EPA-EFE/FACUNDO ARRIZABALAGA

June 10 (Reuters) - Premier League teams have agreed in principle to an Owners’ Charter that will "reaffirm the values and expectations placed on clubs and their owners" in a bid to stop any future English involvement in a European Super League project.

It was one of a number of decisions taken at the organisation’s Annual General Meeting on Thursday that included the confirmation of financial sanctions totalling a combined 22 million pounds ($31 million) for the six clubs who signed up to the Super League.

“Shareholders discussed a range of matters and recommitted to build on the collective of all 20 clubs to benefit the wider game,” the Premier League said in a statement.

“Following yesterday’s agreement between the Premier League, The FA and the six clubs involved in the proposals to form a European Super League, Shareholders today approved rules to further protect the League against any future competition breakaways.

“Clubs in breach of the new rules will be subject to significant sanctions.”

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur will each be fined 25 million pounds and face a 30-point deduction if they attempt another breakaway.

“These additional rules and regulations are being put in place to ensure the principles of the Premier League and open competition are protected and provide certainty and stability for our clubs and their fans,” the statement concluded.

($1 = 0.7057 pounds) (Reporting by Nick Said Editing by Toby Davis)

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