Football League 'No' to B Team Plans
At their annual general meeting in Portugal, the Football League's 72 clubs have said they have 'no appetite' for the B team proposal made by the FA Commission recently.
'It's fair to say there is no appetite among clubs for the use of B teams or Strategic Loan Partnerships in the football pyramid,' said FL chief executive Shaun Harvey.
The clubs have voted to extend regulations applying to club takeovers in the Championship to clubs in Leagues 1 and 2. Going forward, any application for a change of control at clubs in Leagues 1 and 2 will require the purchasers of the club to provide 'Future Financial Information' demonstrating the club's ability to trade and evidence of the source and sufficiency of funding.
Harvey said: 'Having operated these rules in the Championship for the last four seasons it is logical to now extend their implementation throughout our competition. They will assist our efforts to ensure that anyone taking control of a Football League club has the necessary funds, from a legitimate source, to support its business plan.'