The 30-minute debate on football governance will see Labour MP for Mitcham and Morden Siobhain McDonagh use her own club, fan-owned AFC Wimbledon, as an example of one way forward for the game.

She will urge MPs to back proposals put forward by a campaign group, Supporters Direct, for fans to be given formal representation in their clubs' governance as part of licensing conditions.

In this first qualifying year of "financial fair play" Uefa, the European governing body, spent a day at its Lake Geneva headquarters setting out its seriousness about the rules, which will be enforced for the first time in the 2014-15 season. Gianni Infantino, Uefa's general-secretary, spelled out the belief that the rules will protect the financial health of a game struggling to manage its commercial bonanza. Uefa's most senior lawyer, Alasdair Bell, emphasised that sanctions for clubs in breach, including, ultimately, exclusion from European competition, must be tough enough to force clubs to comply.

Top-flight clubs across Europe recorded net losses of €1.6 billion in 2010, a €400m increase on the previous season, and registered total debts of €8.4bn Uefa have announced.

Revealing the figures at Uefa headquarters in Nyon, Switzerland, Infantino said the figures were a “wake-up call” for European club football.