EFL rules change could see more English clubs invest in SPFL
According to The Guardian, the EFL has amended its multi-club ownership regulations to allow member clubs in the Championship, League One, and League Two to invest in Scottish and Irish teams.
This was decided at the organisation's AGM earlier this month.
The Scottish Professional Football League (SPFL) and the Irish Football League were removed from the list of competitions clubs were previously forbidden from investing in.
This change comes shortly after Andrew Cavenagh and Paraag Marathe of 49ers Enterprises, who also control Leeds United, secured a majority shareholding in Rangers.
Their dual club ownership includes the San Francisco 49ers.
Premier League club owners have never faced restrictions on multiple club ownership.
Leeds' connection to Rangers and Brighton owner Tony Bloom's recent £10 million investment for a 29 percent stake in Hearts exemplify this.
The Black Knights Group's investment in Hibernian, where Bournemouth owner Bill Foley paid £6 million for a 25 percent stake, was the first significant multi-club ownership deal in Scotland.
The need for greater alignment between the EFL and Premier League was highlighted when 49ers Enterprises acquired a controlling 51 percent stake in Rangers for £75 million.
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