OpenLegislation

Paragraph 2 Financial resourcesI1I2

England and Wales

(1)

The financial resources threshold requirement is met, in relation to a club, if the financial resources of the club are appropriate in relation to the activities the club carries on or seeks to carry on.

(2)

In considering whether a club has appropriate financial resources, the IFR may have regard to (among other things)—

(a)

the corporate structure of the club and, where the club is part of a group, the group;

(b)

the club’s latest financial plan (see paragraph 2 of Schedule 5), including in particular—

(i)

any financial risks identified in the plan, and

(ii)

any plans described in the plan for managing those risks;

(c)

the club’s strategic business plan (see section 16(5));

(d)

the specified competition in relation to which a relevant team is operated by the club;

(e)

any other competitions in relation to which a team is operated by the club;

(f)

the club’s non-financial resources.

Annotations

Commencement

I1

Sch. 4 para. 2 in force at Royal Assent for specified purposes, see s. 100(2)(g)

I2

Sch. 4 para. 2 in force at 1.11.2026 in so far as not already in force by S.I. 2026/1135, reg. 3(1)(a)(xii)