West Ham news: Kieran Maguire rubbishes Karren Brady claim as '£250m' payout analysed
West Ham chief Karren Brady’s argument against an independent regulator for English football simply does not hold water.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Irons vice-chair’s recent attack on IREF.
The Government confirmed last Monday (25 April) that an independent body will be set up to safeguard clubs against financial mismanagement.
Writing in her column in The Sun last Friday (29 April), Brady claimed that a regulator would be expensive to run and needlessly limit top-flight clubs.
She also insisted: “More [clubs would have gone bust] if the Prem hadn’t handed out heaps of money during Covid.”
The Premier League put together a £250million rescue package for EFL clubs during the height of the pandemic.
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But Maguire insists that this is no reason for Brady to argue against the introduction of an independent regulator.
“There is no doubt that the Premier League support to League One and League Two through the grants and loans system did help clubs in lockdown,” he told Football Insider‘s Adam Williams.
“But that is the right and proper thing to do. Given that West Ham generated £193m last year, they are in a position to help others less fortunate.
“Also, they had to be shamed into giving that money to the Football League. They weren’t particularly proactive.
“There is no reason why that should preclude the necessity for a regulator.
“Those payments aren’t addressing some of the core problems in football which have been caused by the Premier League bullying the EFL.”
The Hammers were knocked out of the Europa League at the semi-final stage by Eintracht Frankfurt on Thursday (5 May).
David Moyes’ side are 7th in the Premier League and face Norwich City on Sunday (8 May).