How to buy a football club: new EFL guidance offers ‘clearance, not approval’ | Football

Ever wondered what you need to do to buy a football club? Several English Football League clubs have changed hands in the past few months, some involving more high-profile investors than others, and the introduction of new regulations this summer meant updated guidance around acquisitions was issued recently to all 72 clubs, mapping out the must-haves and key steps along the way, including the owners’ and directors’ test. Here is a look at what’s involved and how the process has changed …

What is the process in a nutshell?

A takeover is formally known as acquisition of control. The…


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