Rovers Trust ‘fully endorse’ the recommendations that have been put forward by the Government commissioned fan-led review.

Central to the proposals is the creation of an Independent Regulator for English Football (IREF) which would have financial oversight of the sport at the professional level and license clubs in the top five tiers of the game.

One of its roles will be to take over the administration of the owners’ and directors’ tests from the Premier League, EFL and Football Association, with a view to ensuring owners are “suitable custodians of vital community assets”.

The report, undertaken by Tracey Crouch MP, also recommends the introduction of a fan veto over any major changes which would affect the running or heritage of their club.

There is also a call for Premier League parachute payments to be shared more equally between EFL clubs.

The review was commissioned by the Government in April in the wake of the Super League’s formation, and subsequent collapse, with Rovers Trust among those to give submissions to the review.

Chair John Murray believes the financial model in the Championship is ‘broken’, with Derby County and Reading both to have been hit by points deductions this season for breaching Profit & Sustainability rules.

Following the reports publication, he said: “The Rovers Trust fully endorses the recommendations put forward by the fan-led review of football governance being led by Tracey Crouch MP.

“Many of these proposals chime with those put forward in the Rovers Trust’s own evidence submission in June.

“The Championship financial model is broken and the vibrancy of the football pyramid must be maintained.

“The financial redistribution proposals, when tied in with an effective regulatory regime and more sensible profit and sustainability accounting rules for EFL clubs, should help to remove some of the current distortion.

“We look forward to working towards implementing the recommendations of this final report of the fan-led review.”