Grassroots Football Funding: Wembley Stadium
Debate between Ben Bradley and Justin Madders(5 years, 10 months ago)
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Ben Bradley (Mansfield) (Con)
My constituency benefited recently from half a million pounds from the Football Foundation for new training facilities at Mansfield Town, which will be a huge benefit for the constituency. The hon. Gentleman is talking about the money involved in football. Obviously, the success of the premier league drives up wages and prices in that market, but premier league clubs and players pay something in the region of £3.5 billion a year in tax to the Chancellor, and there is even more tax revenue as we filter down through the Football League. I am interested in whether the hon. Gentleman thinks there is an opportunity there to ring-fence some of that money to be reinvested back in the grassroots of the game.
Justin Madders
That is an interesting point. Of course, we can debate ring-fenced taxes all day—there have been discussions about that in the context of the NHS, for example—but I think we can divert some of the other money, particularly agents’ fees. I go back to what my hon. Friend the Member for Sheffield South East (Mr Betts) said about that, because I believe that people in that arena, particularly agents, are getting an awful lot of money from football for very little effort.
I do not want to turn this speech into a tirade against agents, but Mino Raiola is reported to have earned—using the word “earned” in the loosest possible sense—about £20 million when Paul Pogba transferred to Manchester United. That is £20 million for advising on one transfer; that is money that is going out of the game, and we need to look at getting some of it back in. I am not saying that we need to get rid of agents’ fees altogether, but that case demonstrates that these sums are going through the game and do not benefit the players, do not benefit the clubs, and certainly do not benefit the wider game in this country. A small levy on fees could generate significant funds and would not distort the transfer market. That idea was highlighted by Gary Neville in his excellent evidence to the Select Committee on Digital, Culture, Media and Sport, when he proposed a 25% levy on agents’ fees. On that note, I will give way to a member of said Committee.