Sports

Top Premier League teams to pay $2.4M per season to English soccer’s new regulator

MANCHESTER: Top Premier League teams are to be asked to pay a levy of nearly 2 million pounds ($2.65 million) each season to fund English soccer’s recently formed regulatory body. The Independent Football Regulator, established by the British government last year to set governance standards in the English game, published Friday a proposal on how it plans to be funded to make the industry more sustainable. It is proposing that the “highest-earning Premier League clubs” would contribute up to 1