Kieran Maguire: Radical new plan 'doesn't look good for Everton'
New Uefa spending limitations may lock in the financial gaps between the elite and aspirational clubs like Everton.
So says finance expert Kieran Maguire, speaking exclusively to Football Insider about a proposed overhaul of Uefa’s financial fair play system.
The Telegraph reported on 19 August that Uefa plan to introduced a spending ceiling and ‘luxury tax’ for those clubs that exceed it.
Under the current FFP system, clubs are permitted to lose £105million over a rolling three-year window.
Everton posted losses of £139.9million for the last recorded financial year, the worst in the Premier League by some distance.
And Maguire predicts that the mooted new spending structure would not work in the Toffees’ favour.
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He told Football Insider correspondent Adam Williams: “The key element of the new system is that there will be a semi-soft wage cap.
“Wages will be linked to a proportion of revenue. If you pay above that, it looks as though it’s going to be a euro-for-euro super tax.
“So let’s say, for example, the wage to turnover limit is set at 70 per cent. If you go above that, you might have to pay £10m into a pot that gets redistributed among the rest of football.
“My view is that it locks in the existing gaps between the elite and the aspirational clubs like Everton.
“So it doesn’t look great for them unless they can boost their revenue. Clearly, moving to Bramley-Moore Dock is going to help them in that regard.
“I suspect the new deal will come in at around the same time as the Swiss model Champions League.
“The danger there is that it locks in more games and more revenue for the elite clubs.