Kieran Maguire: Man City have ‘£105m’ headstart as elite club set for Vienna talks
Man City will have a £105million headstart on their rivals under Uefa’s new spending curbs.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the system set to replace financial fair play.
The current FFP model allows clubs competing in Uefa competitions to lose £25million over a three-year rolling period.
But new rules will instead permit clubs to spend no more than 70 per cent of their turnover on new signings, wages and agents fees.
BBC Sport reported yesterday (27 March) that Europe’s top clubs will be updated on the new rules at a meeting in Vienna this week.
City posted a record turnover of £569.8million for 2020-21 and are the only Premier League side so far to announce a profit for the campaign.
And Maguire argues that the new system will favour those who already have a big headstart on their peers in terms of revenue.
“It’s another example of the glass ceiling getting a little bit thicker,” he told Football Insider‘s Adam Williams.
“If you qualify for the Champions League and get into the latter stages. With matchday income and prize money, you could be picking up £150m.
“If you take 70 per cent of that, that’s £105m. So, that means you have that to invest in your wage budget.
“A lot depends on whether it is wages and amortisation or if player sales are included as well.”
The new rules will be phased in, with clubs allowed to spend 90 per cent of turnover from next season.
It is anticipated that the system will be implemented fully from 2025.
In other news, pundit suggests Jack Grealish could be handed new role at Man City after “unbelievable” reveal.