Ethos Public Relations Manchester

Co-operatives UK welcomes tackling of debt in football

by Ethos public relations

Ed Mayo, Secretary General of Co-operatives UK, has welcomed the announcement that a Parliamentary Committee is to be set up to focus on debt in football and enhancing supporters’ involvement in decision-making.

“Co-operatives have, at their heart, a commitment to promoting democratic involvement and I welcome the Parliamentary Committee’s look at the scope for enhancing supporter involvement in decision-making within football clubs,” he said.

“Supporter ownership in football is not new. Germany’s Bundesliga for example, which has over taken the Premier League as the world’s most profitable league this year, already has co-operative structures in place – and a co-operative structure can go a long way to ensuring clubs are there for the local community rather than solely to generate profit for a handful of owners.

“Given English clubs’ net debt is more than the rest of its European contemporaries combined, the fans are, inevitably, the ones most likely to foot the bill for the suicidal expenditure of English clubs.”

Posted at 13^th December 2010