I congratulate my hon. Friend on obtaining what is probably the most popular debate ever in Westminster Hall. He is clearly making history here today.
As my hon. Friend knows, in 2005 the Glazers took over Manchester United. The club is now £700 million in debt, with £69 million a year being paid in interest—and that money comes from the fans through tickets and merchandise. It is an appalling situation. Does my hon. Friend support a more rigorous ““fit and proper person”” test in respect of takeovers of football clubs? In Germany, every club has to be 51% owned by the supporters. Does he support a similar provision for clubs in this country? Such a scheme would make a real difference.
Football Clubs (Governance)
Proceeding contribution from
Hazel Blears
(Labour)
in the House of Commons on Wednesday, 8 September 2010.
It occurred during Adjournment debate on Football Clubs (Governance).
Type
Proceeding contribution
Reference
515 c75WH 
Session
2010-12
Chamber / Committee
Westminster Hall
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Timestamp
2023-12-15 22:45:43 +0000
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