Breach and hope that a brief of prosody up breach of and hope that a brief of prosody up breach of profitability doesnt cost their breach of profitability doesnt cost their Football Club its place in the cost their Football Club its place in the league. It cost their Football Club its place in the league in the league. It does beg the question. In the league. It does beg the question, are in the league. It does beg the question, are these in the league. It does beg the question, are these rules in the league. It does beg the i question, are these rules fit for purpose . I question, are these rules fit for urose . ~. , , purpose . I think the reality is we needed a Regulator Purpose . I think the reality is we needed a regulator a purpose . I think the reality is we needed a regulator a frameworkl needed a regulator a framework to make needed a regulator a framework to make sure needed a regulator a framework to make sure that the heritage and the sociat make sure that the heritage and the social Asset Value of a Football Club social Asset Value of a Football Club is social Asset Value of a Football Club is protected against financial mismanagement. If we look back over the last mismanagement. If we look back over the last 20 25, mismanagement. If we look back over the last 2025, 30 mismanagement. If we look back over the last 20 25, 30 years, were littered the last 20 25, 30 years, were littered with examples where Port Mismanagement has led to the demise of Football Mismanagement has led to the demise of Football Clubs. Whilst of these regulations might not be quite right, regulations might not be quite right, they are the best weve got to protect right, they are the best weve got to protect the heritage of those clubs to protect the heritage of those clubs i to protect the heritage of those clubs. I think fans would rather their clubs. I think fans would rather their teams survive with those regulations than not. It their teams survive with those regulations than not. Regulations than not. It feels sli. Htl regulations than not. It feels slightly unfair regulations than not. It feels slightly unfair to regulations than not. It feels slightly unfair to make regulations than not. It feels slightly unfair to make it regulations than not. It feels i slightly unfair to make it harder for teams to compete with the established elite clubs, doesnt it . This is where we go into the pyramid