David Kogan, chair of the Independent Football Regulator (IFR), stated he would resign if he faced any political pressure regarding the case against Manchester City, which was found guilty of breaching Premier League financial rules over nine years. Kogan emphasized that “my independence is absolute” and dismissed concerns about potential political intervention from the UK government.
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Kogan articulated that he would step down if any political interference occurred in the regulator’s operations, emphasizing that they have not received any political pressure thus far. His comments came during the launch of the long-awaited State of the Game report, which outlines the financial challenges within English football.
The case against Manchester City looms heavily as the regulator plans to implement a new licensing regime for clubs later in the season. Kogan detailed that the IFR holds powers to review club ownership and determine if owners are fit to manage their clubs. This process requires thorough investigation and legal consultations. If an owner fails the fitness test on integrity, honesty, and financial stability, the regulator could mandate the sale of the club. Kogan noted that the regulator continuously monitors clubs for such issues.
The State of the Game report highlights a stark disparity in revenue within the Premier League, indicating that the highest-earning club earns 605 times more than the lowest-earning National League club. Moreover, 94% of the 116 clubs under the regulator’s jurisdiction posted financial losses in the 2025-26 period. Notably, 11 Football League clubs had costs surpassing their income, even after excluding player wages.
Kogan identified several external factors impacting financial stability, including the expansion of the club calendar, the regulation of player agents, and rising interest rates. He also expressed hope that a redistribution deal between the Premier League and the EFL could initiate immediate financial change. Kogan recognized the Premier League’s concerns regarding parachute payments but asserted that these payments have increasingly distorted the financial landscape.
The Premier League has welcomed the findings of the report, claiming it reflects the strength of English football and its competitive structure. The league proposed a financial redistribution initiative to the EFL, reportedly worth £320 million per season, aimed at creating a supportive financial partnership.
The EFL reiterated its belief that English football can sustain both a successful Premier League and a flourishing football pyramid. Culture Secretary Lisa Nandy remarked that the report’s findings should prompt football authorities to consider the implications for fans and communities.