Matt Rodda

It is a pleasure to follow my hon. Friend the Member for Bracknell (Peter Swallow). I speak in favour of the Bill, which I hope will prevent what happened to our club, Reading FC, from ever happening to any other English club. I realise that time is short, but I want to put some of the key facts across in my brief remarks. Reading is one of the oldest clubs in the EFL. It has a proud history, with two spells in the premiership and glorious cup runs. Reading holds the record for the most points ever scored in the championship: 106 points in one season. It is also a family club, with a strong track record in women’s football. Sadly, all that has been put at risk by really, really irresponsible ownership. This has led to points deductions and relegation, threatening the very future of the club. Reading fans have had to suffer an impossible emotional rollercoaster for more than three years. We hope there is now some light at the end of the tunnel. To explain our story, I should say that Reading, like many other English clubs, was owned by a responsible local owner who had the best interests of the club at heart. I pay tribute to Sir John Madejski and all those who worked with him, and to other Reading players and managers. Dai Yongge bought the club in 2017, and while things started out well, with investment in the new training ground, that quickly changed and Mr Dai appeared to be losing interest in the club. He was subject to winding-up petitions and fines after a series of financial issues, which led to severe points deductions and the club being relegated to league one. Things went from bad to worse in the 2023-24 season, and it seemed that the future of club was in doubt. Thankfully, Mr Dai finally announced that he was going to sell, but the process was drawn out for more than a year and a half. As I know from dealing with the EFL, the current rules mean that there is little the league can do—one sale even fell at the final hurdle last summer, to the agony of fans. Despite that, our young team has performed brilliantly, and there are hopes of us reaching the play-offs, as my hon. Friend the Member for Bracknell said. It has been an emotional rollercoaster, and I again praise fans, but I would not want to wish this on any other club in England, or indeed anywhere in the world. I urge Members from across the House to rethink their position and consider how an effective regulator would have prevented this awful situation, which we have had to suffer for far too long.