Kieran Maguire makes 'staggering' claim amid tycoon's plot to destroy Rangers and Celtic
Rangers and Celtic have Scottish football in a “staggering” chokehold and it would take a “phenomenal” effort to break their duopoly.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about recent remarks made by football tycoon Paul Conway.
Conway is the head of the Pacific Media Group who own Championship side Barnsley as well as clubs in five other countries.
“If we had a Scottish club we could challenge the duopoly of Celtic and Rangers, 100 per cent,” he told the Daily Mail on 28 September.
Current SFA regulations prevent Conway, as the head of a multi-club network, from buying a majority stake in an SPFL club.
Pacific Media Group have had success with their ‘moneyball’ approach and Conway is convinced he could knock the two Glasgow clubs off their perch.
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But Maguire is sceptical given the comparatively enormous spending power of Rangers and Celtic.
He told Football Insider correspondent Adam Williams: “It was 1985 the last time someone other than the two Glasgow sides won the league.
“In the figures for 2018-19, a pre-Covid year, Rangers and Celtic had two-thirds of the total revenue of the SPFL.
“They also had 86 per cent of the total transfer spend. That is staggering. If you look at squad cost, they had 95 per cent of the overall total for the SPFL.
“To break the mould would take a phenomenal effort. It’s not impossible, but it would be very, very difficult.
“There is such a close correlation between player investment, in both wages and transfers, and league position.”