By Kieran Maguire

25th Jul, 2021 | 4:00pm

'Devastating' Govt reveal could scupper Edens and Sawiris' Aston Villa masterplan - Maguire

An independent football regulator could scupper Wes Edens and Nassef Sawiris’ plan to lead Aston Villa into the game’s financial elite.

So says finance guru Kieran Maguire, speaking exclusively to Football Insider after a regulatory body was formally recommended by Tracey Crouch on 22nd July.

The Conservative MP, chair of the fan-led review into football governance, wrote a letter to sports minister Oliver Dowden articulating her findings.

Crouch reasoned that “genuine financial reform” was needed in order to stop clubs spending beyond their means.

Uefa is also in the process of rethinking its approach to financial fair play.

Maguire predicted that extensive financial controls could limit the likes of Villa from spending their way to the top.

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A lot will depend on the regulator’s approach to finance,” he told Football Insider correspondent Adam Williams.

“If there are significant financial controls created by the regulator, that is lightly to bake in the existing gaps between the larger clubs and the ambitious clubs.

“By ambitious clubs, I think we’re talking about Villa, West Ham, Newcastle if they get new owners, Leicester can be included in there too even though they are punching above their weight.

“But they could, for example, say that 25 per cent of TV revenues are allocated to the EFL and the big clubs keep 100 per cent of their Uefa TV monies.

That would mean the gap between the elite and the aspirational is going to grow. That would be devastating to Villa.”

In other news, Serie A side launch bid to sign Aston Villa star for big-money fee after Dean Smith U-turn.