BusinessCompany NewsFootball bosses work to improve governance

Football bosses work to improve governance

The Football Association and the Premier League are working together on new regulations to improve transparency over football transfers.

Link: Man Utd to improve accounting policies

Both the FA and the Premier League want clubs to divulge more information, BBC Sport online reported – this follows disclosures made by Manchester United regarding fees paid to agents and pressure from major shareholders calling on the club to improve its accounting practices.

Man Utd revealed that £13m of the £158m spent on players had been paid to agents over a three-year period.

Profile: FA chief executive (and accountant) Mark Palios

The club has now completed a thorough review of all corporate governance procedures. It also wants more financial details of transfers to be made public in the future to safeguard its reputation.

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