Branch2 Intelligence
Referral of the proposed subsidy to Athletic Ventures LLP by UK Sport and the Greater London Authority
Key takeaway
UK Sport and GLA referred a proposed subsidy to Athletic Ventures LLP for CMA review, creating regulatory uncertainty for the recipient.
- Step 11st-order: UK Sport and GLA refer proposed subsidy to Athletic Ventures LLP to CMA for review under Subsidy Control Act 2022.
- Step 22nd-order: CMA review introduces regulatory delay and uncertainty, potentially reducing the subsidy amount or imposing conditions, impacting Athletic Ventures' project viability.
- Step 33rd-order: Precedent effect deters other sports ventures from seeking similar subsidies or forces them to restructure applications, reducing public funding flow to the sector.
Source: Competition and Markets Authority
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