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Football clubs to face debt examination

 

Professional clubs are set to investigate by the Culture, Media and Sport Committee as it launches an inquiry into the governance of football clubs.

The inquiry will look at issues including club debt, governing bodies and government interference in response to concerns that football supporters are ‘ill-served’ by current football club regulations.

The investigation comes as foreign ownership and debt at clubs increases, with Manchetser United announcing losses of over £80m in October and Liverpool enduring a long winded takeover saga with NESV and Tom Hicks and George Gillett. 

Committee Chair John Whittingdale said:  “The Government has said that it will encourage the reform of football governance rules to support the co-operative ownership of football clubs by supporters, and there is widespread concern that the current governance arrangements are not fit-for-purpose.

“We are keen to hear from a wide range of interested parties, including fans, as well as the clubs themselves and their own regulatory bodies.”

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