My Lords, I too express my disgust at this development. It is the culmination of many years of the style of ownership that has been so permissible under the way football has evolved. I am extremely sad that my own football obsession, Manchester United, is right in the middle of it. I applaud the Government’s seemingly strong stance. In this regard, I echo the call from the noble Lord, Lord Faulkner, for an independent regulator to stop things persistently falling through the cracks of the structure of the FA, the Football League and the Premier League. Will the Government be prepared to go as far as introducing legislation to encourage a partial fan-based ownership model, similar to that currently operating in Germany? It is almost definitely, with no surprise, among the reasons why no German teams have been announced as part of this ridiculously named European Super League.