Damian Collins
Main Page: Damian Collins (Conservative - Folkestone and Hythe)(1 year, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate
Stuart Andrew
If we had not published this White Paper, and if we did not have the intention to introduce an independent regulator, there would be no option for bringing the parties together to make sure a deal is secured. The regulator will look at the detail of the deal, and it will be able to consider issues such as the parachute payments. The independent regulator will have those powers.
Damian Collins (Folkestone and Hythe) (Con)
It is wonderful to see ideas presented as Government policy that many of us in this House have been advocating for more than a decade. I fully welcome the White Paper, but will the regulator have the power to demand access to real-time financial information from the clubs, and not just rely on the clubs to self-report their own budgets and forecasts? As we know, failing clubs often try to hide that they are failing for as long as possible, often until it is too late.