Baroness Evans of Bowes Park (Con)

My Lords, I speak in favour of these amendments, which would enhance the regulator’s approach. I particularly support Amendments 51 and 52, in the name of my noble friend Lord Maude. The language change may appear subtle—to replace “protect and promote” with “monitor and where necessary intervene to safeguard”— in the IFR’s objectives, but the implications for the regulator’s behaviour would be important. The Minister has said several times in our previous debates that she believes the regulator’s approach should be proportionate. That is welcome, but I am concerned that the current wording of the objectives does not fully support that intention. We have discussed overregulation at length, and the potential for it is clear, particularly as we do not have a counterbalancing growth or success duty to guard against such an approach. It is important to remember that most clubs, at all levels of the game, are well run. There is no justification for an overly risk-averse set of financial rules that can dampen investment and threaten our hard-won global leadership position, or for infrastructure investments that drive long-term value to be second-guessed. We can guard against such unnecessary interference and regulatory creep. My noble friend Lord Maude’s suggested wording could provide an underpinning for a more proportionate approach. It would recognise that most clubs manage their affairs responsibly and that football’s existing structures in the main work effectively, but would allow for targeted regulatory intervention for genuine issues that have been identified and where it becomes very clear that IFR action is necessary. The systemic resilience objective requires particularly careful consideration, as we must set an appropriately high bar for macro-level interventions that may fundamentally change how football works. Changing this objective to one to intervene where resilience is “substantially threatened” would properly frame the backstop power as a true emergency brake. As the Minister herself said, it should not be a routine tool. This matters hugely. As we have heard already in discussions in Committee, the football pyramid depends hugely on the Premier League’s commercial success. Constant intervention risk in a readily available backstop would create exactly the kind of uncertainty we do not want to see that could damage long-term investment. We must make sure that the backstop power genuinely is an “in case of emergency only” tool. The commercial confidentiality provisions tabled by my noble friend on the Front Bench are equally important. As we know, football clubs compete internationally for players, commercial partnerships and broadcast value. Forcing the detailed disclosure of business strategies or commercially sensitive information could damage clubs’ ability to operate effectively in these markets. This group of amendments is about ensuring that the regulator enhances rather than inhibits what makes English football successful: genuine competition, where well-run clubs can thrive through strong management, innovation and calculated ambition. Once again, we are talking about a set of changes that could provide the regulator with a lighter-touch, proportionate model of regulation. I hope the Minister will give them some serious consideration.