Member

I am sure the Minister will agree that it is important that any process undertaken by the new regulator is transparent, robust and rigorous, as she will understand that the potential implications for any clubs that face such a situation could be catastrophic. A forced divestment of an incumbent owner would probably be disastrous for many clubs. The Bill appears to provide for that possibility, because it does not grandfather existing owners in, and it does not make clear the threshold for triggering a test. I would be grateful if the Minister could give us a bit more of an explanation of that.