By Dr Dan Plumley

25th Nov, 2021 | 3:42pm

Dr Dan: Sunderland will 'not be happy' after Government document reveal

Sunderland may be worse off if an independent regulator restructures the financial framework of the Football League.

So says finance expert and new Football Insider columnist Doctor Dan Plumley, speaking exclusively about Tracey Crouch MP’s fan-led review.

The 162-page document was published last night (25 November) and advocates a number of reforms to football governance across the pyramid.

An independent regulator for English football, or IREF, is expected to be created with powers to tax transfers and modify parachute payments.

IREF may also write a new ‘fit and proper’ owners and directors test that guards against nefarious and opportunist investors.

The review has been well-received but Plumley argues that Sunderland may not be totally on board.

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“Most EFL clubs will want a few things, as follows,” the Sheffield Hallam University expert told Football Insider correspondent Adam Williams.

“An independent regulator scrapping the parachute payments and a change in the distribution of money in the system to address the financial imbalance.

“Many are pushing for a sustainability index where they get more cash from a centralised pot of broadcast money based on good financial performance.

“That would reward clubs for being sustainable. In principle, it’s a good idea. Although, there would be debate about what constitutes good performance.

“However, Sunderland will not be happy if parachute payments are scrapped because they have benefited from them even in League One.

“They were against the salary cap that never got off the ground in League One and Two because they know that, in that league, they’re a bigger player.

Sunderland, who are currently 6th in League One, suffered back-to-back relegations in 2016-17 and 2017-18.

The 2020-21 campaign was their last in receipt of parachute payments.

In other news, Kevin Phillips suggests Sunderland could recall Jack Diamond in January after pictures emerge.