A BIG RED CARD FOR THE LEGAL LOAN SHARKS
- AND NOT JUST FOR WONGA, BUT FOR THE WHOLE OF THE UK “PAYDAY LOANS” INDUSTRY
At the 2012 AGM (Fans’ Parliament) of the Football Supporters’ Federation held in London on Saturday 7th July, the following motion was debated and passed overwhelmingly.
Fans’ Parliament 2012 calls upon the football authorities across England and Wales to prohibit the promotion through football of “payday” and other short-term loan companies until such time as there is tighter regulation of this industry and a cap on interest rates has been applied”.
The motion was in fact only one vote away from being passed unanimously.
Almost all delegates at the AGM were wearing lapel badges showing a referee holding up a red card, with the caption “Show Wonga the Red Card”, reflecting the strong feelings held by many football fans about the controversial activities of the firms in the growing payday loans industry and their adverse effects on vulnerable sections of UK society.
The Football League confirmed on 18th June that any commercial relationship with Wonga.com has concluded with the end of the 2011/12 season.
This followed a 3-month campaign after 25 fans of 18 clubs wrote a letter to the Guardian, which led to a flood of activity on social media, in the press and on the radio.
At the moment Wonga.com still sponsors the shirts of Blackpool FC and Heart of Midlothian.
John Flanagan (L) Stella Creasy MP, Tom Greatrex MP, Bob Ward (R) with 4 members of the FSF committee after the debate at the FSF AGM on 7.7.12.
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