Iqbal Mohamed

I completely agree with my hon. Friend’s comments, and I pay tribute to the work of Blackburn Rovers in their community. We are probably all aware of the examples of Everton and Manchester United. Both are up to their ears in debt while either building or planning to build stadiums that cost between £750 million and £1 billion. If we look lower down the leagues, the sums are still eye-watering. York City lost £235,000 last season, Salford City lost £5.3 million and Stockport County lost £7 million. It is difficult to see how, at some stage, without regulation, more and more clubs will not simply go to the wall. The financial precarity in football is such that it leaves the clubs open to bad actors seizing on their financial vulnerabilities to offer a route to potential success. I am, of course, referring to dirty money and the pernicious practice of sportswashing by dubious owners who see club ownership as a PR vehicle to airbrush their misdeeds and human rights abuses to reconstruct their reputations and exert geopolitical influence. It is deeply regretful that this odious and morally corrupting practice has been allowed to establish a foothold in our game since Roman Abramovich came to England as the owner of Chelsea football club with dirty money from Russia. He was found to have funded or donated over £100 million to illegal settlement expansion in the west bank. The other issue I want to raise is around agent fees. In 2022 to 2023, over £408 million was paid by Premier League clubs to agents and facilitators, and in the football league over £65 million was paid in agent fees. Some agents are acting on behalf of both the player and the club and receiving remuneration from both. If that is not a conflict of interest or a potential bribe, I do not know what is. I strongly encourage the Government to look at this and try to stop as much money going to agents and get it back into grassroots football.