Member

The plight of clubs, including Sheffield Wednesday, shows why the Government were right to establish the regulator. For too long, fans have had to suffer seeing their football clubs mismanaged and their views disregarded. The guidance being debated today plays a key role in giving the regulator the tools to tackle unsuitable custodians. The sooner the regulator can get started, the sooner the regime as a whole will work to improve the financial stability of the game and make the English game an even better proposition for investment. Let us not delay this process any further and let us allow the Government to take decisive action to protect and preserve our national game. I hope that this reassures the House and the noble Lord and that, in light of these assurances, the noble Lord will withdraw the Motion.