Part 4/10:
A significant part of the discussion focused on the ongoing debate concerning an independent football regulator in the UK. Masters articulated that Premier League clubs are already extensively regulated but emphasized that additional regulation needs to be approached cautiously. He expressed concern that overly cautious measures might stifle the investment culture that has propelled the Premier League to its current heights. The league's financial model is built on risk, investment, and the aspiration that even newly promoted clubs can compete on the global stage.