Asked by: Lord Booth (Conservative - Life peer)
Question to the Department for Digital, Culture, Media & Sport:
To ask His Majesty's Government what estimate they have made of the annual costs of the office of the Independent Football Regulator.
Answered by Baroness Twycross - Baroness in Waiting (HM Household) (Whip)
The Football Governance Bill Impact Assessment, which was approved under the last government, estimates that the operating costs of the Independent Football Regulator will be between £8.0m per annum and £10.2m per annum, for the first 10 years. While these are reasonable estimations of the levy charge they should not be treated as conclusive final costs. Final costs will be dependent on the scope of the Bill passed by Parliament and the work necessary to ensure clubs are complying with the regulatory regime.
These estimates have been adjusted to account for the impact of inflation, and future costs have been converted to their present value, as per Green Book guidance issued by His Majesty’s Treasury for Impact Assessments.