Everton could see their ambitions limited if proposed changes to financial fair play are given the green light by Uefa.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after the Times reported the governing body wants a complete FFP overhaul.

New spending limitations would focus on capping wages and transfer fees as opposed to requiring clubs to break even.

Everton posted enormous losses of £139.9million for the last financial year, the largest in the Premier League.

Maguire previously told this site that the Toffees should be concerned about potential ramifications from Uefa, who allow clubs to lose £26m over a rolling three-year period.

And the spreadsheet expert claims that the picture would not look much better under the mooted FFP revamp

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He told Football Insider correspondent Adam Williams: “A lot will depend on whether the limit is a hard limit or a soft limit.

“With a hard limit, you can only spend, say, £250m, while a soft limit, is a percentage of revenues.

“The latter is a negative for ambitious club. Everton fall under that umbrella. These are clubs that have got owners who want to push the club on.

“If it’s a hard limit, I think it will actually work in Everton’s favour. However, I fear it will be a soft limit.”

Everton hope to have greater spending freedom upon moving into their new stadium on the site of the Bramley Moore Dock.

The 52,000-capacity arena is slated to open in 2024.

In other news, Premier League team eye Everton midfielder after failed pursuit last summer.