An independent regulator for English football will be introduced to ensure clubs are sustainably run after a fan-led government review.

The regulator will implement a licensing system for all clubs from the Premier League down to the National League.

The system will force clubs to prove their business models are financially sound and that they have good corporate governance before being allowed to compete.

Clubs will also be required to seek regulator approval for any sale or change of stadium, and fans will be given a greater say in stopping owners changing club names, badges and home shirt colours.

The regulator will also be given the power to stop English football clubs from joining new competitions that “harm the domestic game”.

Six English teams – Manchester United, Liverpool, Arsenal, Tottenham Hotspur, Chelsea and Manchester City – were forced to pull out of a proposed European Super League in April 2021 after widespread condemnation and angry protests by fans.

The full results of the fan-focused review, led by Conservative MP Tracey Crouch, will be published on Thursday in a government white paper.

The review was launched in 2021 after historic clubs Bury and Macclesfield Town went out of business as a result of mismanagement.

Since the Premier League was launched in 1992, 64 clubs have been put into administration.

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The review says there continues to be “serious financial risk” in the leagues. The combined net debt of clubs in the Premier League and Championship was £5.9bn at the end of the 2020/21 season.

Prime Minister Rishi Sunak welcomed the review, saying: “Since its inception over 165 years ago, English football has been bringing people together, providing a source of pride for communities and inspiration to millions of fans across the country.

“Yet despite the success of the sport both at home and abroad, we know that there are real challenges which threaten the stability of clubs both big and small.

“These bold new plans will put fans back at the heart of football, protect the rich heritage and traditions of our much-loved clubs and safeguard the beautiful game for future generations.”

Shadow secretary for digital, culture, media and sport Lucy Powell said the government should urgently bring forward legislation.

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“In the 15 months it’s taken the government to finally publish a football white paper, Derby County nearly went under, Oldham Athletic was relegated, Chelsea changed hands and Manchester United, Newcastle, Liverpool and Bournemouth were all put up for sale,” she said.

“The Premier League and English Football League still haven’t reached a deal on finances. And now a European Super League 2.0 is back on the table.”

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A similar review into the future of domestic women’s football is already under way.

The government is launching another review to examine the visa system for elite footballers in England “to examine how the game can continue to attract the best global talent while maintaining strong support for young domestic players to develop from the grassroots level”.

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