Premier League president Gary Hoffman has confirmed plans to resign after his 18-month term. https://readbusinessnews.com
Sky news Revealed on Tuesday Hoffman, a business heavyweight who helped keep Northern Rock alive after being nationalized in the 2008 financial crisis, was forced to resign after club backlash over league handling. Newcastle United’s Saudi-led acquisition..
Hoffman was appointed chairman of the Premier League in June 2020, before the resumption of top flight equipment delayed by the first coronavirus blockade across the UK.
He said in a statement on Wednesday: “It was a privilege to lead the Premier League throughout the last two seasons when the spirit of England football has never been more important.image:
Hoffman was asked to consider handling the league for the acquisition of Newcastle United.
“Now I have decided that it is the right time for me to stand aside so that the new leader can steer the league through the next exciting phase.”
His looming departure has come at a sensitive time for British football, and a wide range of reviews directed by former sports minister Tracey Crouch will be published next week.
The report recommends the establishment of IREF (Independent Regulatory Authority of British Football), which will assume new authority to regulate the ownership and governance of professional clubs.
Hoffman’s toughest test took place in April of this year, confirming that six British clubs had signed a bomb agreement to join the new European Super League (ESL).
NS Project collapse Within 48 hours in a torrent of criticism from football managers, including fans, politicians and the Premier League.
Hoffman has fined six subsequent clubs (Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur) for millions of pounds and dismissed executives from the Premier League’s major subcommittees. I supervised it.
The league statement on Wednesday said: “The Premier League is grateful for Gary’s devoted service.
“He leads the league in the most difficult times of his history and is in a stronger position than ever before.
The process of appointing a new chair begins immediately. “