Member

I really wrestle with the financial regulation set out in the 140-odd pages of this Bill, because I do not think it is clear, it is exceptionally onerous, it would deter investment and it requires clarity in the Bill. In my view, this set of amendments is about the most important that we will consider because, if we do not take this away and think carefully before Report about how we can improve this set of amendments and this part of the Bill to get greater clarity, we risk disincentivising owners in future—and if we do that, it is football that is damaged and, ultimately, the fans who will not forgive Parliament for the way it has gone about this regulatory framework. I beg leave to withdraw the amendment.