English Football: Financial Sustainability and Governance Debate
Full Debate: Read Full DebateDepartment: Department for Digital, Culture, Media & Sport
Jack Abbott
Main Page: Jack Abbott (Labour (Co-op) - Ipswich)Department Debates - View all Jack Abbott's debates with the Department for Digital, Culture, Media & Sport
English Football: Financial Sustainability and Governance
Jack Abbott Excerpts(3 days, 15 hours ago)
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Jack Abbott (Ipswich) (Lab/Co-op)
It is a pleasure to serve under your chairmanship, Mr Turner. No one in Ipswich is yet tired of reminding the world that we are now a premier league town. As I like to remind my colleagues in Essex and Norfolk in particular, we are the only premier league town in the east of England too.
One of the biggest issues that gets raised with me on the doorstep is the regeneration of our town. Having a financially secure and sustainable football club goes a long way to advancing that agenda. The economic benefits to our town include thousands of people travelling into our town centre and filling up the pubs, restaurants and shops. It has been estimated that premier league status has brought a huge �200 million to our town this season alone. More than that, it speaks to our civic pride and the sense of community that has been brought to our town under the leadership of Mark Ashton off the field and Kieran McKenna on it.
That has not always been the case. We, too, have seen our fair share of dark days and what poor leadership does when its rips out the sense of community and the links to businesses, academy players and so on. We have heard many examples today from Coventry, Portsmouth, Derby, Wigan, Reading�the list goes on and on. It is no exaggeration to say that when football clubs run into financial or other off-the-field issues, that impact is not just felt on the economy of the town; it has the potential to rip the heart and soul out of a place too. These clubs are not just commodities; they are our community�s crown jewels.
Labour�s Football Governance Bill is a landmark moment for safeguarding a financially sustainable and well-governed football pyramid. If we get it right, the prizes on offer for Ipswich and towns across the country are immense.