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Written question asked by Chi Onwurah (Labour) on Thursday, 25 October 2018, in the House of Commons. It was due for an answer on Tuesday, 30 October 2018 (named day). It was answered by Tracey Crouch (Conservative) on Tuesday, 30 October 2018 on behalf of the Department for Digital, Culture, Media and Sport.


Football: Finance

Question

To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment he has made of the financial transparency of football clubs.

Answer

The footballing authorities take financial management within their sport very seriously. The FA has introduced a club licensing system in the National League System covering the areas of legal; ownership and control; integrity; finance; and grounds and security of tenure. The Premier League and English Football League that take responsibility for these matters for clubs in their competition now require business cases and proof of funds from owners, and a range of other financial and ownership related disclosures.

However we are not complacent and we will continue to work with football to ensure that, as well as complying with the existing legal framework, there are regulations in place within the sport that support appropriate financial conduct.


Secondary information

Type
Written question
Reference
183932
Session
2017-19
Subjects
Finance Football
Link
View this Written question on www.parliament.uk