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Celtic: Kieran Maguire makes promising FFP claim

Celtic: Kieran Maguire makes promising FFP claim -Celtic News

Financial expert Kieran Maguire has reacted to the incoming changes in Financial Fair Play regulations and the impact they may have on Celtic and Dermot Desmond. 

The lowdown: Changes afoot

European football’s governing body UEFA announced that over the coming years clubs will only be permitted to spend 70 per cent or less of their total revenue on player transfers, agent fees and wages, albeit the changes will come into force incrementally.

There are also reported plans to adopt a ‘Swiss model’ to the UEFA Champions League whereby two additional places could be awarded based on historical standings and increased revenues handed out to those sides in the competition.

As the Hoops aim to earn an automatic spot in the group stage amongst Europe’s elite for the first time since 2017/18 by lifting the Scottish Premiership title, these new rules could have an impact at Parkhead.

The latest: Maguire delivers promising verdict

Speaking to Football Insider, Maguire, a finance expert and contributor for Sky Sports suggested that Desmond and co. will fare well under the new FFP guidelines.

“Celtic are in a very strong position with regards to the new rules.

“They don’t have issues in terms of wage control. Celtic’s wages to turnover ratio in the three years pre-Covid was 58 per cent, 58 per cent and 67 per cent.

“They have three years to taper their outlay accordingly as well because the new rules, while radical, are being phased in gradually.

“Uefa’s calculation also takes into consideration not the whole staff, but only the playing staff and the first-team coach.

“Celtic are certainly in a strong position to deal with that. They don’t often make losses either, so there won’t be an issue there.”

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The verdict: Good news

As ever with anything involving finances and changes in regulations, there is always a fear that it could adversely impact off-field matters.

However, such is Maguire’s expertise in this area that Celtic supporters can breathe a sigh of relief that not only will the club circumvent any issues, but life at Lennoxtown and beyond could even improve.

Will Celtic win the title?

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As the board weigh up whether or not to back Ange Postecoglou in the upcoming summer transfer window, financial foresight like this and the potential incoming windfall from Champions League qualification may further bolster the budget.

In other news, former Celtic striker Chris Sutton has been left fuming. Read more here.

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