Press Release: 09/03/2012
For immediate release
Today the football authorities issued their joint response to the recommendations of the Culture Media and Sport Select Committee Inquiry into Football Governance and the Government’s response on improving the regulation and governance of English football. The full response can be viewed by clicking here.
We note the proposed introduction of a licensing system and welcome the football authorities’ recognition of the value in adopting a licensing approach. At this stage of the reform process the proposals only address the principle of licensing.
During the second stage, more detailed measures will need to be incorporated into the licensing system to ensure the sustainability of English professional clubs in the future.
To assist with this process SD has submitted proposals for our key principles for football club licensing for discussion with the football authorities. The SD proposals can be found at: http://s.coop/833p
If the substantive issues of sustainability are not addressed, the regrettable trend of insolvencies and financial strife affecting football clubs can be expected to continue. With Port Vale entering into administration today, there have now been 92 insolvencies since 1992 in the top five divisions of English football.