Stephanie Peacock

It is a pleasure to serve under your chairmanship, Mr Turner. I congratulate my hon. Friend the Member for Earley and Woodley (Yuan Yang) on securing this important debate. I begin by acknowledging that English football is world-leading. As well as sitting at the heart of communities up and down the country, English clubs have fans in every continent, and attract the best players from across the world. The premier league is one of our country’s best exports. Along with the EFL and the national league, it contributes billions of pounds to our economy and supports thousands of jobs, as has been outlined across the House in this debate. Its success and infrastructure support and inspire the next generation of footballing talent in English towns, villages and cities. It is because of this success that the Government want the sport to thrive for generations to come, securing the financial sustainability of the football pyramid. My hon. Friend the Member for Earley and Woodley, who represents Reading football club, has been a vocal supporter and campaigner on the governance and sustainability of football. She is right to raise those concerns. Reading, like so many of the other clubs that have been spoken about today, is an example of why this debate and the legislation are so important. Calls for change to secure the sustainability of football in this place date back to the cross-party Select Committee report of 2011. We then saw the ill fated super league attempt that resulted in the fan-led review. The review, led by former Conservative Sports Minister Dame Tracey Crouch, identified the need for an independent football regulator. I thank and pay tribute to her for her commitment and work. I have been pleased to be part of the women’s parliamentary football team with her, alongside so many other amazing women. The previous Conservative Government published their Football Governance Bill—their legislation on this matter—on 18 March 2024, just less than a year ago. How time flies! That continued the cross-party consensus that existed until very recently. Members on the Government Benches and Conservative Benches were elected on manifestos that committed to bringing forward an independent football regulator. We on the Government side of the House are following through on that commitment and are on the side of football fans. I will take this opportunity to address some of the specific questions put to me in this debate; if I cannot go into much detail, I will be happy to meet hon. Members. The hon. Member for Hinckley and Bosworth (Dr Evans) has taken a great interest in this subject. He asked about a second look. A new Government Lords amendment would require the Secretary of State to review the whole regime after five years. More specifically, if an owner were found to be unsuitable by the regulator, they would have the right to request a review of that decision. That review would be taken by the board. There is also a right to appeal to the Competition Appeal Tribunal.