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Wednesday
Feb242010

Tony Lloyd's EDM on football debt

Trust members may well be interested to learn that the Labour MP for Manchester Central, Tony Lloyd, has tabled the following Early Day Motion in the House of Commons:

That this House recognises that professional football has become a major part of the modern way of life for millions of people; further recognises that its future has ramifications for individuals, communities and the nation; is aware that the state of the premier league and the professional game is causing concern; notes that self-regulation by the football authorities has often meant no regulation; further notes the widespread concern of club supporters, football journalists and financial commentators amongst others that the controlling interests in the clubs do not obviously demonstrate long-term commitment to the clubs involved and to the health of football in general; shares the concern of these groups about the level of debt and financial uncertainty which now affects certain clubs in all divisions; is further aware of the growing trend for public demonstration of unhappiness about these trends at clubs like Liverpool, Portsmouth and the recent Green and Gold campaign at Manchester United; believes the time has come for football fans to be given a tangible stake in the clubs they have helped build and still support; and calls on the Government and the football authorities to create a binding framework which will regulate club debt and those people who are involved in football, guarantee the protection of the consumer with rules for fair trading and protect the wider public interest by putting the supporter at the heart of the national game.

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