Liverpool news: Kieran Maguire shreds 'untrustworthy' FSG as Government takes action
Liverpool owners Fenway Sports Group will do everything they can to dilute the powers of an independent regulator for English football.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about imminent reforms to club ownership in football.
The fan-led review into football governance was published last November, eight months after the collapse of the Liverpool-backed Super League.
It proposed 47 new measures, including an independent regulator to protect clubs’ heritage and safeguard against financial mismanagement.
Culture Secretary Nadine Dorris has promised to introduce the regulator by the next election, as documented by The Independent on Monday (4 April).
But “untrustworthy” owners will “lobby the Government” to ensure the independent regulator does not limit their power, insists Maguire.
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“The big clubs’ policy from day one of the Tracey Crouch report has been deny, deflect, decry,” he told Football Insider‘s Adam Williams.
“They have all suffered huge reputational damage because of their untrustworthy behaviour with regards to Super League.
“So, they will use PR agents and lobby the Government to try to dilute the proposals of the independent review.
“One of the ways they will do that is by offering crumbs from under the table.
“So, FSG might say they aren’t going to move from Anfield and they aren’t going to change their shirt colour. Those are easy promises to make.
“They are zero-cost promises of things that were never going to happen in the first place.
“They are going to chip away at the review now. They don’t want any form of regulation because they enjoy self-regulation and self-interest.
“Self-interest has meant that some of these owners have greatly increased their personal wealth.”