(3 days, 19 hours ago)
Public Bill CommitteesI take that point, but both the hon. Gentlemen stood on a manifesto that committed to introducing the Bill.
I believe that the Conservative Whip, the hon. Member for Kingswinford and South Staffordshire (Mike Wood), who previously represented Dudley South, while highlighting the Bill’s alignment with Conservatives prior to the last election, said he believed that this is a Bill that every single Conservative Member stood on at the last election in their manifesto, which was a ringing endorsement of the Bill.
Indeed, a number of Conservative Members are on record as supporting this policy; it is just sad that the ones sitting opposite seem to have forgotten the manifesto they stood on.
(5 days, 19 hours ago)
Public Bill CommitteesIt is a pleasure to serve under your chairmanship, Sir Jeremy. I refer Members to my entry in the Register of Members’ Financial Interests. As a Pompey fan and season ticket holder, and as an elected member of Portsmouth supporters trust board, ownership is a very painful subject in my city, because bad ownership has almost cost us our club on more than one occasion. I welcome the definitions in schedule 1, because there has been a series of owners—some have been the subject of international arrest warrants, some have had their assets frozen by the Government, some have been imprisoned, and no one could prove that one of them even existed, as I have said before in the House. That string of horrendous owners had a devastating impact not just on the football club, but on the community. Assets were sold off to areas of the owners’ other companies, and local businesses and employees lost thousands of pounds. The Bill and the regulator, and clause 1 and schedule 1, can protect clubs from poor ownership and will therefore mean that football clubs up and down England will never have to experience what Pompey fans had to experience.
I will attempt to respond to the various questions from the Opposition spokesperson, my hon. Friends the Members for Portsmouth North and for High Peak, and the hon. Member for Isle of Wight East. The Opposition spokesperson broadly welcomed the provisions, but he asked some specific questions. He made points on financial regulation, and I think he used the word “banking-style”. The Bill draws on precedent from a range of previous regulation. Some elements are from financial regulation. A previous amendment of his dealt with financial sustainability, and the Bill, as drafted, is all about that. We would not term it as “banking-style”, but it does draw on previous legislation and existing regulation.
The hon. Gentleman broadly welcomed the provisions on owners and directors. He mentioned that it has been four years since he was elected to this place, and in 2023, he asked the then Sport Minister to strengthen the ownership test, so I am really pleased that he welcomed the changes that we have made. He also said that he would prefer this to have been implemented without legislation. Of course, we all would, but we are where we are, and that is why both parties stood on a manifesto to introduce a football regulator Bill.
The Opposition spokesperson made some broad points on the owners and directors test, and we will have a further debate on that when we come to part 4. ODTs have to be applied clearly and consistently. If the owner has appropriate financial resources and meets other aspects of the test, our ODT would not prevent multi-club ownership. Concerns around multi-club ownership are to do with conflicts of interest and competition, which is why the leagues and UEFA have rules around multi-club ownership. Clubs competing in those competitions will be required to abide by any applicable rules, but we can come back to that point on part 4 when we will debate this issue at length.