Masters urged Parliament to carefully consider the details of the Football Governance Bill, which was introduced last month, and emphasized the industry's success.

Despite the potential regulation, Masters stated that the Premier League would continue to engage with it positively.

The Football Governance Bill, introduced last month by Prime Minister Rishi Sunak, aims to establish an independent regulator for football in the UK.

This is a first for the industry and there is no clear precedent to follow from countries like Germany, Spain, or France.

The creation of the regulator is seen as a significant risk for the successful football industry, and MPs and peers are being asked to carefully consider the potential consequences to ensure that all of football benefits from it.

The bill is described as an historic moment for the sport in the UK.

The text discusses the role of a proposed soccer soccer regulator in England.

The regulator would establish a licensing system for soccer clubs in the top five tiers, requiring them to meet financial stability, owner suitability, fan engagement, and protection of heritage standards.

The regulator would also have the power to impose an agreement on wealth redistribution between the Premier League and Football League if no deal is reached.

The author expresses opposition to this last power.