L

Lord Sikka (Lab)

Speaking in the House of Lords on 20 May 2026

Debate

2026 FIFA World Cup: Replica Kit Pricing

Contribution

My Lords, the production cost of a typical replica football kit is less than 10% of the selling price. Companies such as Nike and Adidas use an opaque network of offshore entities to inflate costs by adding royalty, licensing, marketing and other payments through intragroup transactions—in short, they shift profits. Does the Minister agree that profiteering cannot be tackled without an investigation of profit shifting by companies? If so, when will the Government commission that investigation?

More from Lord Sikka (Lab)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

Partner sites