OpenLegislation

Paragraph 3 Non-financial resourcesI1I2

England and Wales

(1)

The non-financial resources threshold requirement is met, in relation to a club, if the non-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 non-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 qualifications, experience, training and performance of the club’s owners and officers;

(c)

the club’s corporate governance arrangements, including the club’s latest corporate governance statement (see paragraph 4 of Schedule 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 financial resources.

Annotations

Commencement

I1

Sch. 4 para. 3 in force at Royal Assent for specified purposes, see s. 100(2)(g)

I2

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