Thinktank: Stricter financial reporting requirements should be introduced for sports clubs to reduce risk of financial mismanagement
27 May 2020
The government should review the terms of the Coronavirus Business Interruption Loan Scheme to make it more appropriate for loss-making sports clubs, according to thinktank Onward.
Furthermore, ministers should support more clubs to become community-owned as promised earlier.
The government should introduce stricter financial reporting requirements for sports clubs to reduce the risk of financial mismanagement, according to thinktank Onward, in order for them to become more sustainable post coronavirus.
Issuing a series of recommendations in a report titled A Sporting Change, which focuses on professional football below Premier League level, cricket, and the two codes of rugby, Onward said ministers should consider a number of steps to "help sports clubs to weather the storm".
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