Yuan Yang

I agree with my hon. Friend. Parachute payments skew the financial incentives in the game. I also agree that we do not have the full competition that would allow clubs to play their best game, which is what we fans want to see. Why does all of this matter? It is about the community at the end of the day. Some might say it is only a game, but for many of my constituents the importance of our football club stretches beyond the game and into the community. Reading football club’s community trust is run by volunteers. It supports young people and promotes social inclusion and participation in sport. In many of our most deprived communities across the country, it is the local club that sets a model for aspiration. Constituents always tell me how important Reading FC is to them and how important it has been to their families going back generations. Just the other day I received an email from a fifth generation Reading fan. One constituent wrote to me: “Reading was and is a family club”— a club in previous years awarded family excellence status. Yet it is at risk of not being around for the families of tomorrow. Working with fan groups—some are here with us today—since my election last year, I have seen at first hand how motivated those volunteers are by this common cause. Fans want to see a competition for points; they do not want a competition to the death. While Reading is in exclusive talks with a new potential buyer, we need to ensure that the same story is not repeated anywhere else, so I am delighted that the Government are bringing the Football Governance Bill through Parliament to create an independent football regulator. I will be meeting the shadow regulator in a few weeks to ensure that they have a full picture of what has happened at Reading, and what can happen when absent owners neglect their clubs. I encourage all Members to do the same. We need a right-touch regulator that helps us to build a football pyramid with strong foundations, and we need a football regulator that can pass the Reading test, so that fans elsewhere do not have to go through the problems that Reading went through. Football has a problem around governance and financial sustainability, but fans and Parliament working together can fix it. I am glad the House is considering this motion.