Football: Finance
The question
To ask the Secretary of State for Culture, Media and Sport, what assessment she has made of the potential financial impact of the Football Governance Bill on the (a) administrative and (b) compliance activities of English football clubs.
Answered by Stephanie Peacock
The Regulator will work with clubs to ensure the new regulatory regime is light touch and streamlined. The government’s impact assessment estimates compliance costs to be between £22.8 million and £46.1million over ten years.
The largest clubs in scope are expected to experience an increase of between 0.5 full-time equivalents (FTE) and 2.5 FTE, depending on existing levels of compliance. We anticipate the smallest clubs in scope are expected to experience a total increase of between 0.1 FTE and 0.5 FTE, depending on existing levels of compliance.
Regulation will improve the financial sustainability of clubs and the same assessment estimated that the benefit of regulation would far offset the cost.
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