Kieran Maguire makes 'false beard and glasses' claim after £27m Newcastle United reveal
It is ‘disappointing’ and ‘unfair’ that Uefa’s 10-year coefficient leaves Newcastle United at a financial disadvantage in the Champions League.
That is the opinion of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the financial disparity in European competition.
Football Insider sources revealed last Monday (24 April) that Newcastle are set to earn half as much Champions League cash as Man City next season before a ball is even kicked.
The Magpies are on course to earn a minimum of £27million if they qualify for the Champions League next season, while City are on track to earn double that figure.
Uefa’s co-efficient system ranks teams based on their performance in Europe across the last 10 seasons, with City ranking eighth in the standings after reaching the latter stages of the tournament in recent seasons.
Maguire labelled Uefa’s system ‘disappointing’, claiming it is in place to ‘appease the existing elite in Europe’.
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“Uefa’s 10-year coefficient rules are the same as parachute payments but with a false beard and glasses,” Maguire told Football Insider.
“The aim of these rules are to appease the existing elite in Europe and to create a significant financial gap between the existing rich and the aspirational rich.
“It is disappointing, but the clubs at the top have no interest in sharing out trophies with anyone new.
“These unfair rules have been designed to keep the rich clubs in their position to give them a financial advantage which will help with Uefa’s financial sustainability rules.
“Whenever a rule is introduced that looks slightly unusual, it’s almost always geared toward preserving the rights of the rich – fairness is an irrelevance.“
In other news, Newcastle United trump Everton and West Ham as £50m-plus deal agreed