Member

57: Clause 56, page 45, line 32, leave out subsection (2) and insert— “(2) In this Part, revenue received by a specified competition organiser is “relevant revenue” if—(a) it is revenue received as a result of the sale or acquisition of rights to exploit the broadcasting of football matches included in a competition organised by the specified competition organiser, and(b) it is not revenue that the specified competition organiser distributes to a club by virtue of a team operated by the club being relegated from a competition organised by the specified competition organiser.”Member’s explanatory statement This amendment, and the other amendments to clause 62 in the name of Lord Parkinson of Whitley Bay, prohibit parachute payments from being included in the distributions of revenue resolution procedure.