My Lords, I will also speak to my Amendment 40. This flows from the discussion we have just had about financial conflicts of interest but looks at the broader issues of a person who has a current broadcast or media interest, or any role in a television or media broadcast relating to football, being appointed to the board of the independent football regulator. It seeks to prevent conflicts of interest relating to those who take part in television, radio and podcasts that are linked to football.

The concern here is that any person with that sort of involvement in such media or broadcasts would have, by the very way that they carry it out, publicly held opinions about the game that they would be expressing frequently and sometimes in a live environment where questions could be put to them. We would not want to see people with vested interests that might conflict with the proportionate and reasonable exercise of the regulator’s functions put in a position where their thinking about how they carry out their duty is scrutinised in that forum and in that way.

As my noble friend Lord Markham pointed out on a previous group, this is a new regulator that will have enormous power to determine the specifics of the rules and regulations that football clubs will have to abide by. That includes the levy rules set out in Clause 53, which states that the amount the regulator will be able to charge clubs is to be determined in rules established by the regulator. Again, the details are not set out in the Bill but are to follow. There are some limits on what that levy could be, but the exact amount that will be charged and how that levy will be scaled to take account of the different financial situations of clubs are to be established and amended by the future board of the new regulator.

So the level of intrusion into the affairs of clubs is not entirely settled by this Bill. It will be decided by the people who are appointed to run and oversee this regulator. That is why we will be interested to know who these people are in due course. We wish all those who have applied to take on these important roles good luck in their efforts to be the inaugural holders of their posts. However, it is very clear that the board and, specifically, its chief executive will in very large part set the direction of the regulator, its tone and the means by which it goes about its work.

That is why it is important that we make sure that nobody can be appointed to the board, particularly in the first cohort, who has any conflicts of interest or who might be swayed once in office. Of course, in doing that we do not want to preclude anybody who has experience of the operation of football clubs or great knowledge of the game being appointed to the board. Those sorts of skill sets will clearly be needed. If we have people who have been involved in the running of football clubs, they may be quite powerful and important people to speak out against excessive regulation and mission creep. I hope that through this amendment we can have a debate about the public-facing elements of their role and the way they go about it.

Amendment 40 seeks to limit the remuneration that can be given to members of the board. As currently drafted, the Bill does not place any limit on this. It simply states that the Secretary of State will decide the remuneration of the non-executive members and that the pay of employees, including the executive members of the regulator’s new board, will be decided by the non-executive members. It is important that we try to curb spending to begin with and put some limit on the threshold. I have chosen in Amendment 40 to set it at £172,153 per annum, which might seem a curious number but I believe it is the current salary of the Prime Minister, who I am sure the noble Baroness thinks is doing an excellent job and is great value for money. I would be interested whether she thinks that employees and board members of this new regulator ought to be paid more than him in carrying out this duty, or whether she shares my concerns about the currently unlimited amount that they could be paid under the Bill. I beg to move.