L

Lord Markham (Con)

Speaking in the House of Lords on 2 December 2024

Debate

Football Governance Bill [HL]

Contribution

Again, I hope the Minister will answer this point. This is what the shadow regulator was explaining to us last week. What is the one thing you can do short of that? You can look to de-risk the situation, particularly if your only criterion is sustainability at that club; in other words, it survives by you saying, “You have to put money on deposit”. That is exactly the model they were taking from the financial regulator and the banks; that is what I see as the whole problem. It is fundamental. As my noble friend Lord Jackson’s amendment suggests, we could make sure that it is aware of the burdens of regulation, or, as some of the earlier amendments proposed, it could be about broadening the definition and objectives of the regulator so that it has other criteria at stake. I truly believe that, unless we widen it out—it is only one-dimensional—we really are going to harm the great game.

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