The UK Parliament has launched the Football Governance Bill in response to the European Super League controversy.

The bill introduces an independent football regulator to oversee financial practices within the top five divisions.

New regulations aim to address economic imbalances, player salary issues, and debt among lower-tier clubs.

The legislation will block the formation of a closed European championship, effectively nullifying the Super League proposal.

Prime Minister Rishi Sunak has declared the bill a 'historic moment', while the EFL considers it a crucial step towards financial stability in English football.

Despite the positive reception, there are reservations about how effective the new bill will be and the sequence of events that led to its creation.