MPs threaten football regulation as they urge bosses to end funding ‘fiasco’ November 20, 2020 MPs have called on the bosses of England’s top football leagues to end the “fiasco” over emergency funding, warning they could introduce new regulation if the game failed to reform itself. The Premier League has been locked in fraught negotiations over a bailout deal for clubs in the English Football League (EFL), which have seen [...]
MPs launch inquiry into future of UK music festivals November 11, 2020 MPs have launched an inquiry into how to ensure the survival of UK music festivals after the sector was decimated by the outbreak of coronavirus. The vast majority of festivals, including Glastonbury, British Summer Time and Parklife, were cancelled this summer due to the pandemic, with revenues down an estimated 90 per cent. The inquiry, [...]
FA chairman Greg Clarke resigns after using racial slur in diversity meeting November 10, 2020 Greg Clarke has resigned as Football Association chairman after using the term “coloured” to refer to black football players when talking to MPs about diversity. Clarke described black players as “coloured footballers” when talking to members of the Department for Culture, Media and Sport (DCMS) select committee via video link this afternoon. The FA chairman [...]
BBC licence fee negotiations kick off as ministers ramp up pressure over funding November 10, 2020 The government today kicked off negotiations with the BBC over how much the TV licence will cost in the future, dialling up the pressure on the embattled public service broadcaster. The talks will determine the level of the licence fee, which is currently set at £157.50, for at least five years from 2022. Culture secretary [...]
Housing market fends off significant hit of second lockdown November 9, 2020 While the second lockdown in England has had a detrimental effect on the country’s hospitality and leisure industries, the housing market is having an entirely different experience. The early impact of the second lockdown is bearing little resemblance to the hit it took in March, according to estate agent Knight Frank. UK house prices have [...]
Premier League, EFL and FA chiefs to be grilled by MPs over Project Big Picture and bailout impasse November 5, 2020 MPs have demanded to grill Premier League, English Football League and Football Association chiefs over Project Big Picture. A Department for Culture, Media and Sport select committee wants to quiz Richard Masters, Rick Parry and Greg Clarke next week. The session is focused on a failure to agree a rescue package for clubs outside the [...]
French buyers top London prime property purchases as Chinese investment slips October 19, 2020 French buyers have jumped to the top of the rankings for property purchases in prime central London as international investors cash in on the weak pound. Property purchasers from France made up the largest group of buyers for prime spots in the capital in the first nine months of the year accounting for 11 per [...]
London’s £10m+ home market is booming in these postcodes despite lockdown pause October 14, 2020 The market for homes worth more than £10m has boomed this year with total sales eclipsing £1bn despite the shutdown of the industry during the coronavirus lockdown.
BDO becomes largest auditor of listed UK firms October 13, 2020 Challenger firm BDO now audits the highest number of listed UK companies as attempts to reform the sector sees companies move away from the Big Four. BDO, the UK’s fifth-largest accounting firm by revenue, gained 36 listed clients in the 12 months to October, according to Adviser Rankings, which collects auditor data. It now audits [...]
Nobel Prize in economics: What is auction theory and why is it important? October 12, 2020 US academics Paul Milgrom and Robert Wilson have won the 2020 Nobel Prize in economics for their groundbreaking work on the theory and practice of auctions. Milgrom and Wilson, 72 and 83 respectively, are both professors at Stanford University in California. They will split the 10m krona (£850,000) prize and each receive a gold medal. [...]