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There are 2 things. A lot of football clubs have gone bust in the uk because of gross mismanagement. That affects local communities. City are not going bust and they have pumped millions into the local community. So we are not looking at the same type of "error". The second thing is that the government want an independent regulator and the premier league don't. This means that they are being tough on rule breaks where clubs are making losses so that an independent regulator isn't thrust upon them