(10 years, 10 months ago)
Commons ChamberWill the Minister join me in endorsing the Swansea City football club model in which the supporters trust owns 20% of the club and sits on the board of directors? Last year the club reported a profit of £15.3 million, following a £14.6 million profit the previous year. Surely that is the way forward for football governance.
That sounds a very interesting model and, of course, it is for football authorities to agree what works best. I think there is a place for all types of ownership, and supporters will always have the best interests of their clubs at heart. I am delighted that AFC Wimbledon, Brentford and Exeter City are now owned fully or partly by supporters. I have had recent meetings with Supporters Direct and the Football Supporters Federation, and I look forward to working with them closely on a number of projects.
My hon. Friend makes a good point about the level playing field; that is certainly what the Bill sets out to achieve. However, this is about consumer protection, which is an important feature of the legislation. Taxation matters are ones for the Chancellor of the Exchequer.
Regrettably, a number of my friends have got into huge difficulties through gambling on smartphones, because the situation is so liberal. I appreciate that companies operating remote gambling will be brought onshore and regulated at UK level, but how will the Bill prevent individuals from getting into thousands of pounds-worth of debt and losing their homes, families and livelihoods?
This is exactly why we are seeking to regulate remote gambling. The process is quite circular in many ways. Unfortunately, according to the Gambling Commission, 85% of the remote gambling that takes place in Britain is unregulated. Many people are therefore not protected. The Bill will enable them to enjoy a more consistent and robust level of protection. That is exactly what the Bill is about.