The Independent Football Regulator (IFR) is expected to recommend that football clubs implement increased cost controls. This recommendation will be part of its 'State of the Game' report, scheduled for publication on Tuesday, 13 October 2026.
The 250-page draft report paints a concerning picture of the financial health of English men's football, revealing that 94% of the top 116 clubs are currently loss-making. The report will include various recommendations aimed at improving sustainability within the sport.
An eight-week public consultation period will commence this week, with a final version of the report anticipated in the spring. IFR chair David Kogan and chief executive Richard Monks are expected to provide further details at a press conference in Manchester on Tuesday.
The IFR, established by the Football Governance Act, has spent approximately 18 months compiling this detailed study of the football industry and its finances. The regulator possesses powers to assess the suitability of owners and executives where there is clear evidence of wrongdoing.
EFL clubs have been awaiting the report, hoping it will strengthen their position in ongoing negotiations with the Premier League regarding a new financial settlement. The Premier League has offered a new deal worth £180 million annually over 10 years, an increase from the current £150 million, but the EFL is seeking £207 million per year and a five-year renegotiation option. The EFL has also proposed a new 'lifeboat fund' for clubs facing financial distress. The IFR has the authority to impose a settlement if the leagues cannot agree.