Lord Londesborough
Main Page: Lord Londesborough (Crossbench - Excepted Hereditary)(1 day, 20 hours ago)
Lords ChamberI thank the noble Lord; he made his point very well. The Bill does not say “financial sustainability”. Sustainability is not defined. If you put sustainability above overall success, growth and the competitive nature of the game, you might have a safer league, but you will have one that no one wants to watch. You might, notionally, have a more sustainable ecosystem, but it will also be smaller, more boring and poorer. If sustainability is the number one aim of the regulator, can the Minister explain to us what she and the Government consider to be the definition of the “sustainability” of English football? Can she also explain why sustainability does not include supporting the sustainability of the success and growth of the Premier League?
My Lords, I intervene briefly as an impartial Cross-Bencher. In the interest of productivity, I am aware that we are still on the amendment to:
“Clause 1, page 1, line 4”—
although many of us are still discussing line 1. I will suggest a compromise. The word “sustainability” on its own is too undefined; I suggest that it should be “financial sustainability and success”—thereby combining Amendments 1, 2 and 3.
However, I do not agree with Amendment 4. On growth, I would go back to the banking sector. I know that football is a very different industry, but banking and the financial services in the noughties had the most phenomenal growth rates and we are still all picking up the tab as taxpayers. That was not financially sustainable. So my suggestion is that the words should be “financial sustainable” and “success”—those two together.
My Lords, I will speak briefly in support of Amendments 1, 2, 3 and 4, because words matter. We have been debating the words “sustainable” and “sustainability”, but I will mention the word “unpredictable”—as was my team this weekend in trouncing Manchester City 4-0 away; a completely unpredictable result by all accounts. That is exactly what the Bill is trying to work against—if somewhat inadvertently.
Having spoken to many organisations in the professional game, I get a sense that the Bill is trying to establish a vision for the game that it does not need to. That vision needs to be left in the hands of this successful industry. That is why there is a general feeling that, when we are focusing on whether it is sustainable or on how much we are listening to fans, we are stepping in to an arena that we do not actually want to control and should leave to the people who have been so successful so far.
Many views have been expressed—including, with respect, those of the noble Lord, Lord Mann—on football’s past, but we should be cautious of looking back through rose-tinted spectacles at the history of our game. Yes, it is celebrated by fans, but the future is about innovation, as the noble Lord, Lord Birt, said. Whatever we say, the game will evolve—because of pressures from fans and commercial pressures. The European Super League did not succeed, but have we seen what UEFA has done with the Champions League? It has evolved again, with more games and more clubs. I am not sure that I completely understand the process it works in at the moment, but it has created a whole new league. Again, as the noble Lord, Lord Mann, said, maybe the Church is losing some of its customers, but these leagues and clubs are gaining customers, eyeballs and commercial contracts that are only getting bigger. So something is succeeding and it will continue to succeed and drive the evolution of our game.
I say in conclusion that, as we go through the Bill and look at the regulator, can we say that the regulator does not drive the vision of football—leave that to the successful industry—but steps in if there is going to be significant failure? That is what a good regulator should do.