(2 weeks, 4 days ago)
Commons ChamberThe Government recognise the importance of distribution to the health of English football, and have engaged extensively with football authorities, including the Premier League, to encourage industry to come to an agreement that works for the football pyramid. If industry is not able to solve the issue, we, of course, have the Football Governance Bill, which gives the independent football regulator the power to ensure that such an agreement is made.
English Football League clubs like my local team, Swansea City, are struggling. In fact, according to the accounts for EFL championship clubs covering the season ending May 2024, all but four clubs were making a loss, with an average loss of £17.5 million for the period. What more can we do to speed up a deal between the Premier League and lower-league clubs to ensure that funds are fairly distributed, and to help so many local teams survive?
Continued delays to a potential new distribution deal serve no one, and we understand the uncertainty and instability that they can cause many clubs, including Swansea City. We are backing the football regulator, which is what I encourage Members to do. The Government are keeping our manifesto commitment.