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Confusion Reigns in Parliament
The Football Governance Bill is facing serious scrutiny after a Labour minister’s comments regarding the ownership of Newcastle United by Saudi Arabia’s Crown Prince Mohammed bin Salman. Finance expert Stefan Borson has labelled the situation a “mess,” highlighting the government’s lack of clarity on state ownership of football clubs.
Saudi Ownership: A Complicated Affair
Bin Salman, who leads Saudi Arabia’s Public Investment Fund (PIF), became the majority owner of Newcastle United following a hefty £305 million takeover deal in October 2021. This acquisition has sparked debate and raised questions about the implications of state ownership in English football.
Baroness Twycross Speaks Out
During a recent session in the House of Lords, Baroness Twycross, who is overseeing the Football Governance Bill, stated that the Saudi prince would need to pass an independent owners’ test established by the football regulator. However, her comments were met with uncertainty, and she later clarified her position with a handwritten note as she exited the chamber.
Expert Opinions Highlight Uncertainty
Borson expressed his concerns about the ambiguous nature of the current regulations surrounding the Bill. He remarked, “The whole thing is a mess. First of all, I don’t think they have got any idea what the position is.” His remarks underscore the confusion that has enveloped discussions about the governance of football clubs owned by foreign states.
Legal Implications of Foreign Ownership
One of the significant issues raised by Borson is the question of disqualifying owners involved in activities deemed illegal in the UK, which may have taken place in their home countries. He pointed out that many nations have legal frameworks that differ vastly from those in the UK, including severe penalties for certain actions that may not be considered crimes in the UK.
What Does This Mean for Football?
As the debate continues, the implications for clubs owned by foreign states remain unclear. Borson noted the potential for a grey area in the regulations, stating, “Would that mean those countries couldn’t be involved in any clubs? Maybe it does. I don’t know.” This ambiguity raises significant questions about the future of football governance in England.
Waiting for Clarity
For now, it seems the government is in a holding pattern, trying to navigate the complexities of state ownership in football. Borson advised against reading too much into the current discourse, asserting that the government does not yet have a firm grasp on the situation. “I think we just have to wait and see,” he said, indicating that clarity is still a long way off.
What’s Next for Newcastle and Man United?
In related news, Newcastle United, along with Manchester United, is reportedly in a race to sign a promising teenage talent, adding another layer of intrigue to the ongoing discussions about ownership and governance in football.
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