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England’s 20 top-flight football club owners will be required to sign a nine-point plan designed to maintain the competition’s integrity in a bid to avert any future breakaway threat.

Sky News has learnt that Premier League clubs were on Thursday sent a final draft of a new “Owners’ Charter” that their controlling shareholders will be required to commit to annually or risk facing tough sanctions.

A club executive said that the document would oblige clubs to avow their commitment to the English football pyramid – including promotion, relegation and qualification for cup competitions based on sporting merit – and to acting in good faith and with sporting integrity.

Adhering to the charter would also prevent club owners engaging in the creation of any new tournament format not permitted by the Premier League’s rules – effectively preventing any future bid to establish a European Super League (ESL).

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Six Premier League clubs were involved in the ESL plans only to pull out amid a storm of protest from fans

The charter, which will be discussed at a meeting of the Premier League’s 20 “shareholders” next week, comes three months after the six clubs which signed up to the ESL – and then swiftly abandoned it – agreed to pay £20m in a settlement with English football’s top flight.

The club source said the charter also included pledges to back the English game and support its national teams; to combat discrimination and abuse; to run their clubs in an economically stable and sustainable way; to ensure that the Premier League remained the world’s most-watched domestic football competition; to protect player welfare; and to recognise the power of the 20 clubs as a collective.

They added that signing the document would also require club owners to acknowledge the importance of fans and the local communities in which they exist, as well as agreeing to the assertion that all Premier League clubs possessed “an equal voice”.

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The Premier League said in May that it would introduce an Owners’ Charter, two weeks after Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur – and a handful of Europe’s other top clubs – stunned the football world by signing up to a new European Super League.

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Real Madrid president Perez questioned over ESL

A spokeswoman for the Premier League declined to comment on the contents of the new shareholders’ manifesto, but a statement issued after its annual meeting in May said it would be aimed at upholding the “principles” of the competition.

“Clubs… agreed to the principle of an Owners’ Charter, which will reaffirm the values and expectations placed on clubs and their owners.

“These additional rules and regulations are being put in place to ensure the principles of the Premier League and open competition are protected and provide certainty and stability for our clubs and their fans.”

It was unclear on Thursday exactly what form the sanctions for non-compliance would take, but one club executive said they had been told that the charter would require annual attestation by owners.

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Arsenal fans protest against Kroenke over ESL

Signing the document is expected to become part of the formal Premier League rulebook in due course.

It is expected to gain the backing of the Football Association.

The creation of the charter comes as an independent review of football’s governance commissioned by ministers approaches its conclusion.

Tracey Crouch, the former sports minister who is chairing the inquiry, recommended in July that an independent regulator be set up to oversee the game.

“The short-lived threat of the European Super League jeopardised the future of the English football pyramid,” she wrote in a letter to Oliver Dowden, the then culture secretary.

“While that threat has receded – for now – the dangers facing many clubs across the country are very real with their futures precarious and dependent in most cases on the willingness and continuing ability of owners to fund significant losses.”

In addition to the fines they agreed to pay in June, the six English ESL clubs would also be liable to penalties of more than £20m and 30-point Premier League deductions if they repeated their breakaway bids, under the settlement they reached with the Premier League.

They rapidly abandoned the ESL project amid a huge backlash from rivals, fans and politicians.

Only financially troubled Barcelona, Juventus and Real Madrid have yet to formally withdraw from the ESL – although they have been allowed by UEFA to take part in this season’s Champions’ League.

The Premier League-imposed fines were comparable to those imposed by UEFA, which announced a package of “reintegration measures” for the nine clubs who agreed to pull out of the ESL during a torrid 48-hour period at the end of April.

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Donald Trump tells UK to ‘get rid of windmills’ and says raising windfall tax on North Sea oil is ‘big mistake’

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Donald Trump tells UK to 'get rid of windmills' and says raising windfall tax on North Sea oil is 'big mistake'

Donald Trump has said the UK is making “a very big mistake” in its fossil fuel policy – and should “get rid of windmills”.

In a post on Friday on his social media platform, Truth Social, Mr Trump shared news from November of a US oil producer pulling out of the North Sea, a major oil-producing region off the Scottish coast.

“The UK is making a very big mistake. Open up the North Sea. Get rid of windmills!”, the US president-elect wrote.

The Texan oil producer Apache said at the time it was withdrawing from the North Sea by 2029 in part due to the increase in windfall tax on fossil fuel producers.

North Sea oil rig
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North Sea oil rig. Pic: Reuters

The head of Apache’s parent company APA Corporation said in early November it had concluded the investment required to comply with UK regulations, “coupled with the onerous financial impact of the energy profits levy [windfall tax] makes production of hydrocarbons beyond the year 2029 uneconomic”.

Chief executive John Christmann added that “substantial investment” will be necessary to comply with regulatory requirements.

Mr Trump used a three-word campaign pledge “drill, baby, drill” during his successful election campaign, claiming he will increase oil and gas production during his second administration.

In the October budget announcement, UK Chancellor Rachel Reeves raised the windfall tax levied on profits of energy producers to 38%.

Called the energy price levy, it is a rise from the 25% introduced by Rishi Sunak in 2022 as energy prices soared following Russia’s invasion of Ukraine.

Many oil and gas businesses reported record profits in the wake of the price hike.

The tax was intended to support households struggling with high gas and electricity bills amid a broader cost of living crisis.

Apache is just one of a glut of firms that made decisions to alter their North Sea extraction due to the Labour policy.

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Even before the new government was elected, three companies, Jersey Oil and Gas, Serica Energy and Neo Energy – announced they were delaying, by a year, the planned start of production at the Buchan oilfield 120 miles to the north-east of Aberdeen.

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SME lender Tide rises to challenge with new fundraising

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SME lender Tide rises to challenge with new fundraising

Tide, the business banking services platform, has hired advisers to orchestrate a fresh share sale as it pursues rapid growth in the UK and overseas.

Sky News understands that Tide has been holding talks with investment banks including Morgan Stanley about launching a primary fundraising worth in excess of £50m in the coming months.

The share sale may include both issuing new stock and enabling existing investors to participate by offloading part of their holdings, according to insiders.

It was unclear at what valuation any new funding would be raised.

Tide was founded in 2015 by George Bevis and Errol Damelin, before launching two years later.

It describes itself as the leading business financial platform in the UK, offering business accounts and related banking services.

The company also provides its 650,000 SME ‘members’ in the UK a set of connected administrative solutions from invoicing to accounting.

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It now boasts a roughly 11% market share in Britain, along with 400,000 SMEs in India.

Tide, which employs about 2,000 people, also launched in Germany last May.

The company’s investors include Apax Partners, Augmentum Fintech and LocalGlobe.

Chaired by the City grandee Sir Donald Brydon.

Tide declined to comment on Friday.

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Hammond-backed outsourcer Amey among bidders for £300m Telent

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Hammond-backed outsourcer Amey among bidders for £300m Telent

An outsourcing group backed by Lord Hammond, the former chancellor of the exchequer, is among the suitors circling Telent, a major provider of digital infrastructure services.

Sky News has learnt that Amey, which endured years of financial difficulties before being taken over by two private equity firms in 2022, has tabled an indicative offer to buy Telent.

Industry sources expect a deal to be worth more than £300m, with a next round of bids due later this month.

Amey is part-owned by Buckthorn Partners, where Lord Hammond is a partner.

The outsourcer was previously owned by Ferrovial, the Spanish infrastructure giant, but ran into financial trouble before being sold just over two years ago.

It announced earlier this week that it had completed a refinancing backed by lenders including Apollo Global Management, HSBC and JP Morgan.

Amey is understood to be competing against at least one other trade bidder and one financial bidder for Telent.

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Once part of Marconi, one of Britain’s most famous industrial names, Telent ended up under the control of JC Flowers, the private equity firm, as part of a deal involving Pension Insurance Corporation, the specialist insurer, several years ago.

It provides a range of services to telecoms and other communications providers.

Amey declined to comment, while Telent could not be reached for comment.

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