Kieran Maguire makes ‘massive’ Chelsea FFP claim after source’s reveal
Any plans to tighten Financial Fair Play rules to stop Chelsea and the Premier League from dominating financially will likely backfire.
That is the opinion of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the problems facing European Leagues trying to compete financially with English football.
Football Insider sources revealed earlier this month (8 February) that Euro giants are lobbying Uefa privately to adopt even stricter FFP regulations to prevent the likes of Chelsea from ‘financial doping’.
Chelsea have spent over £500million on new players since the arrival of new owner Todd Boehly, with the Blues using extra-long contracts to spread the cost of transfers over a number of seasons.
The spending of Chelsea alone dwarfed every other European league combined in January.
But Maguire insists that tightening Financial Fair Play rules will only backfire and make teams with lower revenue suffer more.
“The top Spanish lawyer who is connected with the potential changes to FFP rules to curb English teams’ dominance may have scored an own goal,” Maguire told Football Insider’s Sean Fisher.
“Part of the reason why the Premier League is so financially dominant is that they have the biggest TV deals, they have the biggest commercial deals and they sell 99 per cent of tickets across a season.
“Very few European Leagues can match that.
“If restrictions are introduced, it’ll have to be via a universal rule which will have much more impact on lower revenue clubs than Premier League powerhouses like Chelsea.
“It could massively backfire.“
In other news, Chelsea now turn attention to manager Tottenham want to replace Antonio Conte