Part of Football Governance Bill – in a Public Bill Committee at 3:30 pm on 21 May 2024.
Stephanie Peacock
Shadow Minister (Digital, Culture, Media and Sport)
3:30,
21 May 2024
The Clause sets out that regulated clubs and clubs that have been regulated at any point in the last 10 years must seek approval from the regulator before appointing an administrator. I understand that this measure is needed to offer protection against rushed insolvencies that end up having adverse effects. It is also needed so that club owners are not able to appoint firms or people they have connections to as administrators in an attempt to manipulate the administration. Although we hope that, with the regulator’s guidance, fewer clubs will face administration, it is important that, if the worst happens, proper administrators, without conflicting interests, are appointed to oversee the process. I therefore support the clause.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
