Kieran Maguire issues 'crash-and-burn' claim as he delivers Sunderland verdict on proposal
Sunderland will be “broadly happy” with the independent fan-led review into English football but hope it is not a “toothless tiger”.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about Tracey Crouch MPs investigation into the game’s finances.
The report recommended the introduction of an independent regulator for English football (IREF) to address imbalances in the pyramid.
Sunderland supporter group Red and White Army tweeted their support for the review on 24 November.
But the proposition must pass through parliament before clubs and governing bodies are legally obliged to follow its proposals.
Maguire fears that the powers of IREF could be diluted as the process rumbles on.
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He told Football Insider correspondent Adam Williams: “Sunderland might be a little disappointed that there’s no definitive recommendation for distribution of money.
“They might also have mixed feelings with regards to parachute payments. The report only says that they need to be addressed.
“If you abolish them altogether, certain clubs are going to crash and burn.
“Even if it reduces the gap between the bottom of the Premier League and top of the Championship, the gap is still going to be significant.
“Also, with the mandated relegation clauses, that is going to make the bottom of the Premier League less competitive with the middle and the top.
“But Sunderland will be broadly happy as the threat of a regulator is saying to the Premier League and EFL that they want them to sort out their differences.
If they fail to do this, one of IREF’s tools would be to mandate these changes.
“My concern is that the review becomes a toothless tiger if people keep chipping away at it.“
Sunderland no longer receive parachute payments following their back-to-back relegations in 2016-17 and 2017-18.
The Black Cats are 5th in League One after the 2-1 win over Cambridge United yesterday (27 November).