West Ham United: Karren Brady fires shots in £4bn admission
West Ham chief Karren Brady has been vehement in her opposition to an Independent Regulator in the Premier League.
She points out that as the top flight brings in £4billion in tax revenues annually and provides over 90,000 jobs, it is doing what it should.
She claims that there is no proof of such a system even working and does not want things to change.
Brady wrote in the Sun on 23 March: “Everywhere you look heavily regulated industries have produced massive failures.
“Around 16 per cent of Premier League revenues goes directly to the rest of the pyramid and helps to make the Championship the sixth richest league in Europe.
“The Premier League provides 94,000 jobs and pays £4billion a year in tax revenues for the country. And remember, it is played in Newcastle and Nottingham, Burnley and Brighton. It’s not just flashy old London Town.
“Also, international fans do not follow just a single team but the whole league as it is an exciting, unpredictable competition, with well over a century of tradition and history.
“I’ve heard supporters say a regulator would not drive away investment or affect the competitive nature of the Premier League, but where is the proof for that?
“All we know is a regulator adds another level of red tape to a game which used to be a simple one. Football has surely had enough of people meddling with it. Some recent rule changes have baffled fans.”
West Ham fans may be happy with regulation
Brady’s argument against the implementation of an Independent Football Regulator is grounded in the success and global prominence of the Premier League, highlighting its status as a leader in football.
She raises concerns about the potential inefficacy of regulators, citing examples of regulatory failures in other industries.
However, while Brady makes valid points about the Premier League’s achievements and the risks associated with additional regulation, the presence of regulators in various sectors is often essential for maintaining fairness, transparency and accountability.
There have been countless examples of the so-called elite clubs doing as they please and approaching things as if they were above the law which should never happen.
While excessive regulation can indeed stifle innovation and growth, a balanced regulatory framework can help ensure the long-term sustainability and integrity of the sport, ultimately benefiting all involved parties.
This might make West Ham fans happy too as it levels the playing field and keeps clubs in check.
In other West Ham news, Michael Owen has been left fuming amid a recent controversy in London involving the Hammers.
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