English Football: Financial Sustainability and Governance Debate
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Andy McDonald
Main Page: Andy McDonald (Labour - Middlesbrough and Thornaby East)Department Debates - View all Andy McDonald's debates with the Department for Digital, Culture, Media & Sport
English Football: Financial Sustainability and Governance
Andy McDonald Excerpts(3 days, 14 hours ago)
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Andy McDonald (Middlesbrough and Thornaby East) (Lab)
It is a pleasure to see you in the Chair, Mr Turner. I congratulate my hon. Friend the Member for Earley and Woodley (Yuan Yang) on securing the debate. Football is more than just a sport in this country; it is a cornerstone of local pride and community identity. I say that as a proud Boro fan, and now as a fan of Thornaby FC. Since the premier league�s formation in 1992, its revenue gap with the EFL has grown from 33% to a simply staggering 1,600%. Two seasons ago, just 25 clubs received 92% of English football�s distributable revenues�around �3.3 billion�leaving the remaining 67 clubs to share only 8%, or �245 million. Parachute payments originally designed to assist relegated clubs now act as trampoline payments, giving some clubs an unfair financial advantage and limiting promotion opportunities.
There is enough money in English football for sustainability throughout the pyramid to be a realistic aspiration. That can be achieved without harming the premier league�s status as the primary league in the world. I welcome the Football Governance Bill and the establishment of an independent football regulator with enforcement powers to ensure financial security. Football is often called the beautiful game�we must ensure that it also remains the people�s game.