Context
EFL Championship clubs, including Swansea City in the MP's constituency, are making losses with an average loss of £17.5 million for the period ending May 2024.
Question
English Football League clubs like my local team, Swansea City, are struggling. In fact, according to the accounts for EFL championship clubs covering the season ending May 2024, all but four clubs were making a loss, with an average loss of £17.5 million for the period. What more can we do to speed up a deal between the Premier League and lower-league clubs to ensure that funds are fairly distributed, and to help so many local teams survive?
Answer from The Parliamentary Under-Secretary of State for Culture, Media and Sport (Stephanie Peacock)
Continued delays to a potential new distribution deal serve no one, and we understand the uncertainty and instability that they can cause many clubs, including Swansea City. We are backing the football regulator, which is what I encourage Members to do. The Government are keeping our manifesto commitment.
How: Under Review, Industry Needs To Solve
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