football

A collection of MPs has called for the creation of a new governmental body to regulate football clubs. Twenty three of them, mainly from the Labour party with a couple of Lib Dems throwing in for good measure, have proposed the formation of the Football League Initiative: Superior Monetary Yardsticks in EDM 807.

"The directors of football clubs clearly have no idea about sound financial management" said one of the signatories "so we feel it's only right that the government takes a far more active role in helping them to achieve a prudent fiscal structure. The new body (FLI:MSY) will also actively lobby for new legislation to create a binding framework which will regulate club debt."

We tried to get a response from the Football Association but they were all laughing too hard at the idea of this government having the temerity to approach them about debt levels.