Bob Ainsworth – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Bob Ainsworth on 2014-04-10.

To ask the Secretary of State for Business, Innovation and Skills, whether he has made an assessment of the recommendations contained in the Association of Business Recovery Professionals publication entitled Level Playing Field: SMEs, taxpayers, and the Football Creditors Rule.

Jenny Willott

R3 has made some interesting recommendations which the football authorities should consider carefully. The football authorities have already made some changes, notably through agreeing “financial fair play” rules, salary caps and an early warning system for tax debts, as well as to governance arrangements, to increase financial stability in the leagues and to increase transparency for creditors.