§ Ms HoeyTo ask the President of the Board of Trade (1) what assessment he has made of the current accountancy procedures relating to the fees and payments of the transfer of professional footballers;
(2) what assessment he has made of the accountancy procedures of the valuation of the professional footballers as assets of the football clubs.
§ Mr. Jonathan EvansNone. Football clubs that are limited companies must follow the provisions of the Companies Act 1985, accounting standards and generally accepted accounting practice. Complaints about departures from the accounting requirements of the Companies Act by public and large private companies are dealt with by the financial reporting review panel; my Department deals with other such complaints.