Kieran Maguire: ‘Cartel’ are scared of Aston Villa and ‘insidious’ new announcement proves it

The elite European “cartel” are scared of the likes of Aston Villa – and the new financial fair play framework proves it.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Uefa’s new revenue-based spending controls.

They announced last Thursday (7 April) that clubs must now spend 70 per cent or less of total revenue on transfers, agent fees and wages.

The acceptable loss limit has also been doubled from £25million to £50m under the reforms, which will be phased in from the start of 2022-23.

The rules apply to teams competing in Uefa competitions, on which ultra-rich Villa owners Wes Edens and Nassef Sawiris have set their sights.

But Maguire claims that the glass ceiling has just become even harder to smash for “new money” teams like Villa.

“They are trying to set an upper limit,” he told Football Insider‘s Adam Williams.

“The cartel is getting what it wants. Old money fears nothing more than new money.

“As far as Villa are concerned, they have the capacity to increase spending. But the aim is to preserve the clubs at the top table.

“They are as close to guaranteeing the big clubs a spot in the Champions League as is possible.

“Uefa and the ECA don’t want change, they want to preserve the status quo.

“They have a lack of interest in competitive balance. The classic example of this is the coefficient system being used to lock in those advantages.

“It is representative of the insidious ways that these regulations are created and employed.”

Villa posted a £37.3m loss in their 2020-21 accounts, down on £99.5m the previous year.

Steven Gerrard’s side are currently `12th in the Premier League following a run of four straight defeats.


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By: Kieran Maguire
Title: Kieran Maguire: ‘Cartel’ are scared of Aston Villa and ‘insidious’ new announcement proves it
Sourced From: www.footballinsider247.com/aston-villa-have-the-cartel-running-scared-amid-uefa-reveal-maguire/
Published Date: Thu, 14 Apr 2022 06:00:00 +0000