Sunderland couldn’t unleash the full extent of Kyril Louis-Dreyfus’ £2billion-plus wealth even if Uefa lifts financial fair play restrictions.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Gazzetta dello Sport revealed that Uefa is contemplating replacing current FFP regulations with a more relaxed system.

The Football League introduced its own form of FFP when the system was introduced in 2013 in order to steer clubs away from spending beyond their means.


Under this model, Championship clubs are permitted to lose a maximum average of £13m per year across the rolling three-year assessment period.

League One and Two clubs meanwhile have a limit on their wage expenditure as a percentage of overall revenue, 60 per cent in the third-tier and 55 per cent in the fourth.

Maguire explains that in order to see free-spending in the lower leagues, there would need to be a will for change which he does not believe exist.

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He told Football Insider correspondent Adam Williams: “I don’t think we’d see huge reckless spending in the lower leagues because the Uefa rules wouldn’t necessarily be brought into the EFL.

“It would be a decision ultimately that would be voted on by owners and you need a two-thirds majority to get it passed.

“There are sufficient numbers of clubs in the EFL who want some form of financial constraint because they’re already losing money on a regular basis and in order to be competitive with big-spending teams they themselves would have to spend a lot more.

“And in the EFL there’s a much greater chance of clubs going into administration, as we’ve seen.”

Louis-Dreyfus, 23, became the youngest owner in English football when he completed his Sunderland takeover in February.

The Frenchman is the son of billionaire couple Robert and Margarita Louis-Dreyfus.

In other news, Sunderland legend Kevin Phillips claims that a summer exodus is likely at the Stadium of Light.