Kieran Maguire: Everton’s ‘Ambitious’ new financial constraints will be well received
According to finance expert Kieran Maguire, the Everton board is likely to support changes to financial regulations following the latest Premier League meeting.
Maguire suggests that Everton, being an ambitious and aspirational club, would
benefit from the proposed changes, which would cap a club’s budget at a
percentage of their overall revenue, similar to UEFA‘s model.
Under the current Profit and Sustainability Rules (PSR), Everton has faced charges
of breaching allowable losses over a three-year period, resulting in a ten-point deduction.
With the new rules, which tie budgets to revenue, Maguire believes Everton would
have a better chance to compete with the Premier League elite, as wages could rise along with revenue.
Maguire notes that under the existing PSR rules, clubs acquired since 2013 have
faced a disadvantage due to the lack of index linking of allowable losses.
With the proposed changes, ambitious clubs like Everton could become more competitive against
established elite teams. Therefore, it is expected that Everton would support these changes to enhance their
competitiveness in the league.
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