David Sullivan: West Ham owner opposes introduction of independent football regulator
West Ham United owner David Sullivan says the Premier League "may cease" to be the world's top division if an independent regulator is introduced.
Such a regulator would be brought in if the Football Governance Bill - which had its first reading in Parliament on Tuesday - is made law.
The UK government announced its plans to appoint a regulator following a fan-led review into football in 2022.
But Sullivan said a regulator is only needed "when things are going badly".
One of the key roles of the regulator would be to find an agreement between the Premier League and the English Football League (EFL) over financial distributions.
With no agreement in sight, the EFL has said action from an independent regulator is "more important than ever".
"The Premier League is the top league in the world," Sullivan told BBC Sport.
"It is a big export - other countries want to buy it off us and we do very well in Europe generally.
"Anything to water down our income will make us less competitive. We may cease to be the top league so they may ruin an asset that we have."
However, EFL chairman Rick Parry said: "Nothing is going to change the competitiveness of the Premier League.
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