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FFP rules are 'silly', insists finance expert

Document Cited in Related
Vincent
Published date12 April 2024
Publication titleEvening Chronicle
That is the view of football finance expert Kieran Maguire, who has previously said that clubs like Newcastle United have been hit 'hardest' by the rules because the regulations have not changed since 2013 - let alone since the club was taken over

Premier League sides are, of course, able to make losses of up to £105m over a three-year period but, given how Newcastle's revenues will take time to grow, the Magpies do not have the same spending power of the established order despite their wealthy backers.

Newcastle's owners have spent upwards of £400m to date, but the consortium have always vowed not to 'abuse any systems' - long before Everton's punishment sent shockwaves through boardrooms up and down the country back in December.

Everton (twice) and Nottingham Forest have been docked points in recent months, while Leicester City have also been charged with an alleged breach of the league's profit and sustainability rules.

Yesterday it was reported by the PA news agency that the current Premier League financial rules are to remain in place next season before being phased out the following...

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