Contribution
My Lords, we have indeed touched on the matter of foreign ownership elsewhere in the Committee’s discussions. I am very glad we have had the opportunity to have a proper debate on it this afternoon, and I agree with my noble friend Lord Moynihan that it has been a very good one.
Of course, there are, and have long been, a number of clubs in English football with some element of foreign ownership, whether through individuals or investment vehicles. Many of them have been very generous funders of the sport and in certain cases have turned clubs around for the better, with huge benefits to their communities. But there is a fine line to tread here between maintaining that inward investment and openness to the world, and preventing malign interference.
I am glad that the noble Lord, Lord Scriven, has been able to join the Committee today. I enjoyed the debate he brought on sportswashing, to which I responded. We touched on some of these matters, and my view when speaking from the Dispatch Box opposite, which I still share, is that there is a distinction to be made between news organisations, which provide information to the populus, and sports organisations. As my noble friend Lord Moynihan has pointed out on previous groups, sport has always succeeded in rising above politics and has often been a forum in which people can raise complicated issues and foster dialogue between countries that may not be able to talk about things directly quite so easily.
The amendments in the names of the noble Lord, Lord Bassam, and the noble Baroness, Lady Taylor of Bolton, address modern slavery once again. I am conscious that we had Amendment 153 on modern slavery from the noble Lord, Lord Mann, in that rather strange miscellaneous group the other day, so I will not repeat what I said about the issue then. But I am interested in and broadly supportive of the issues they are raising and very glad to have heard the contribution of the noble and learned Baroness, Lady Butler-Sloss, who has done such important work in this area. I am glad we have been able to return to the issue of modern slavery and let other noble Lords add their voices to what we said when we were debating Amendment 153 on Monday.
As someone from Tyneside, I must add my concern about the implications of Amendment 200 from the noble Lord, Lord Bassam, which, among other things, would prevent clubs being owned by sovereign wealth funds. I think he accepts that if we were to accept his Amendment 200 the way he has worded it—he alluded to the Public Investment Fund of the Kingdom of Saudi Arabia’s investment in Newcastle United—it would have the consequence that Newcastle might not be granted an operating licence and so would have to withdraw from the Premier League. I have to say that he would not be very popular on Tyneside if that were the case.
It would be very helpful to have some clarity from the Minister about how the regulator will deal with clubs that currently have foreign owners or foreign sovereign wealth fund investment, and how it might approach prospective owners from abroad in the future. Like others, I would be very keen to hear her answer to the questions that my noble friend Lord Moynihan has raised and repeated so powerfully today.
During the course of this Committee, the Prime Minister has visited the Kingdom of Saudi Arabia. He was there just before it was announced as the host of the 2034 World Cup. He has invited the Crown Prince to come and watch a football match here in the UK when he next has the opportunity to visit. I would be interested to hear whether they discussed football and some of the issues we have discussed today, or indeed the thorny question of whether the Bill would bring the Crown Prince and the Public Investment Fund of Saudi Arabia into scope in the way that my noble friend Lord Moynihan has suggested.