(3 years, 7 months ago)
Lords ChamberI share many of the noble Lord’s sentiments, other than the implication that we are not taking this seriously: we are taking it extremely seriously. The Prime Minister had a round table this morning with all the relevant authorities and, as I said, nothing is off the table.
My Lords, does the Minister accept that this outrageous proposal is a consequence of men who are rich enough to buy a football club but who do not buy into the values of football in this country? We all accept that Tracey Crouch is someone we have confidence in to undertake a review, but surely there is an urgency about this that requires action at the moment along the lines that have been suggested, including early legislation for an independent regulator, an assurance that fans can have a golden share and whatever fiscal measures might be needed to make it not worth the while of these clubs to go down this path?
I know the noble Baroness is hugely knowledgeable and passionate on this subject, and I have enjoyed listening to her in the Chamber in debates on football ownership and governance in the past. It is important that we separate out the immediate urgencies of the issues raised by this proposal. It will not surprise her to know that Ministers and officials were working on this over the weekend as soon as we became aware, as well as addressing some of the wider governance and regulatory issues and funding issues that affect the whole pyramid.