Passed by parliament today. Took a couple of years because of the change of government, but the new regulator's powers are supposed to include:
Tough new financial regulation to make sure clubs have a long-term sustainable future;
Stronger tests to stop rogue owners;
New standards for fan engagement in club decision-making;
Ban on clubs joining closed-shop competitions and breakaway leagues;
'Backstop powers' to ensure a fair financial distribution between leagues;
Protections for key club heritage aspects like home shirt colours and club badges and stadium moves.
Can't possibly be worse than the present free-for-all, but time will tell how many of the above reforms are actually delivered. Plus 3 up, 3 down between the EFL and the NL please!