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A Labour MP is calling for a 'windfall tax' on the money from TV rights which is given to Premiership clubs.
Roger Godsiff thinks that the payouts "generate billions of pounds for owners, players and agents whilst grass roots football and school sports are starved of money" and wants the money distrubuted further down the chain.
He's tabled a commons motion which asks for a 50% tax. The money raised would be administrated by the Football foundation and Sport England. He's also unhappy with the £24M Wonga shirt deal with Newcastle United.
HERE'S
THE MOTION IN FULL : That this House notes the four-year £24 million
shirt sponsorship deal which Newcastle United has concluded with Wonga,
the payday loan company which charges up to 4,214 per cent compound
interest on loans; regrets that this deal is typical of the attitude of
the Premier League which exists to maximise profits for the owners,
players and their agents; records that the existing and newly-signed
television deals which the Premier League has signed will generate
billions of pounds for owners, players and agents while grassroots
football and school sports are starved of money; and believes that there
is now an unanswerable case for a 50 per cent windfall tax to be levied
on television monies coming into Premier League football with the
proceeds ring-fenced and administered by the Football Foundation and
Sport England for school sports and grass roots football facilities