It says a touching group of deputies.
In a report, the PAC Committee (PAC) criticizes “intense weaknesses” in the way the Ministry of Culture, Information and Sports (DCMS) dealt with loans, and that they are “excessively optimistic” about payment.
Between 2020 and 2022, DCMS gave 474 million pounds to bodies in the sport and culture sectors to help them survive, and it was 218 million pounds to sports bodies with the excellent clubs of the Rakhbi Federation with a value of 124 million pounds.
But the cross PAC, who evaluates the value of taxpayers' money, says that 400 million pounds has not yet been paid, and began less than half of the borrowers to pay.
Nine bodies, collectively received 46 million pounds, became affected.
This includes three Rajabi clubs – Irish London, Worses and Resstra – with DCMS saying they do not expect to recover up to 29 million pounds from 41 million pounds.
Amid concerns about the financial affairs of the remaining upper flight teams, the deputies say that “future payment is at risk due to the administration's need to maintain the financial feasibility of the sectors that have been provided with loans.”
PAC warned of “the gap in accountability before Parliament” on the money that was lended to the Rugbi Union, due to “conflict of interests” that involve the links of a senior civilian employee with sports.
“It is correct that the government has provided with necessary support [but] Not providing a lifelong guarantee for institutions such as Union, which may face financial difficulties after five years. “
“DCMS contradicts its nature in the management of the loan book.” “As a lender, his priority will be to secure the best value for taxpayers from these loans. As a section, his priority is to do everything in his power to support the sector that has become his debtor.”
In a statement, DCMS said: “This government will always protect taxpayer money and we are committed to recovering the funds paid under the previous administration. We have regained 97 % of due payment, and we are ready to see all borrowers start paying them by this year.
“The ministers and administration continue to actively engage with the CEO of the Football Association of Rajabi, and the periodic Rajabi of Rajabi and Rajabi for the championship to support the continuous sustainability of sports.
“We'll take some time to consider the full content of the report and we will respond in time.”
