Kieran Maguire: FFP development could be disastrous for Everton as major changes in pipeline
The last thing Everton need is for financial fair play restrictions to be tightened.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest developments in Uefa’s proposed FFP overhaul.
European football’s governing body wants to replace the current break-even model with a spending cap and luxury tax system.
As per German outlet Bild on 19 September, Bundesliga clubs are steadfastly opposed to the proposed changes.
The 18 clubs, which form one of the European game’s most powerful lobbying blocs, believe the new system favours investor-led clubs like Everton.
Everton’s last set of accounts showed a £139.9million loss and they spent under £2m in the last transfer window because of FFP concerns.
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Maguire insists that influential voices’ demands for a stricter system could be bad news for the Toffees.
“It certainly isn’t ideal,” he told Football Insider correspondent Adam Williams.
“For any ambitious club whose investment is coming from an investor such as Farhad Moshiri, they need to be allowed to spend money.
“That is the only way they can compete at the top end of the table. Anything which restricts that is going to make things more difficult.
“Everton’s ambition to qualify regularly for Europe, either the Champions League or the Europa League, is based on continued investment.
“Their matchday revenue is £14m compared to £55m and Man City, around £80m at Liverpool etc. That holds them back in terms of FFP already.”