Latest news with #KieranMaguire
BBC News
11 hours ago
- Business
- BBC News
'Everton have the capacity to make one statement signing'
Football finance expert Kieran Maguire spoke to BBC Radio Merseyside on Everton's financial situation for the transfer window. "I think Everton have to box clever," Maguire said. "I imagine Evertonians will be slightly frustrated because moving to this magnificent new stadium, it would be great to have a significant number of stellar signings."I still think Everton have the capacity to make one statement signing. A player of £40 to £50m, that's certainly within their capabilities but I think they will also have to be dealing with getting a few players off the payroll on the 30th of June when contracts expire, and using the exit door smartly to allow them to invest in the future."It's always a balancing act. Liverpool did it really well with the sale of Philippe Coutinho and they used that sale to build the spine of the side with the recruitment of Virgil van Dijk and Alisson."If the club were to make a major sale, the fanbase would expect that to be invested in players who can make an immediate difference, and therefore players that have an element of experience at a reasonable level of football."
BBC News
11 hours ago
- Business
- BBC News
'They can spend as much as they want'
Football finance expert Kieran Maguire spoke to BBC Radio Merseyside about the strength of Liverpool's finances. "Liverpool are in an excellent financial position," Maguire said. "They didn't spend very much in the 24-25 season and they have the benefits of Champions League football next season."They've got the enhanced/expanded Anfield which is potentially going to generate in excess of £100m in ticket sales and they keep a pretty tight control over the finances as a whole."I think for Liverpool it's not a case of how much they've got to spend because they can spend as much as they want. If they spent £250m, that would not be a problem."It's really looking at things from a quality point of view. Are there players out there who they believe can improve the quality of the squad?"
BBC News
12 hours ago
- Business
- BBC News
Expectations, balancing books and little room for error
As I walking into the office a smiling Leeds United supporter shouted "Any transfer news Popey?" And so it window is ajar, well until 7pm on 10 June at least, when it slams shut before flying open again on 16 June until whatever alternative onomatopoeia can be found to describe the sound of it being forcibly closed again on 1 September at 19:00 that time Leeds will have been linked with a host of players which would have the pen running out on Santa's Christmas wish list. It's classic economics: The Problem of Scarcity - Unlimited Wants and Finite will strengthen the squad to survive and then hopefully thrive in the Premier League. Fans have felt emboldened by reports that the Elland Road board are raising £120m from investors by a new share issue. Their hopes that all of that and more will be spent on players needs to be tempered though because there is a stadium redevelopment to be funded simultaneously.A further dash of realism was added by renowned football finance expert Kieran Maguire who told the BBC that Profit and Sustainability Rules (PSR) will require United "to box clever in terms of recruitment" and that "spending £100m is just about feasible." Remember also that last year's revenue from player trading has to be be balanced against the £142m still owed for previous transfers. Goalkeeper is a key area it seems. Illan Meslier remains under contract for another year even if his credit with much of the fanbase has expired. Deposed by Karl Darlow for the run-in last season, it could be time for Meslier, 25, to move on. Chelsea's Djorde Petrovic is one name that is circulating with Blues boss Enzo Maresca keen on taking Meslier's compatriot Mike Maignan from AC Milan, which could precipitate an exit for the Serbia international from Stamford Bridge. But the Serie A outfit and Leeds' Premier League rivals AFC Bournemouth are also understood to be interested in Petrovic, who spent last season on loan at French League 1 side Strasbourg. You can make a case that Leeds need signings in virtually every position and to help improve leverage in the market there may be an opportunity to raise funds - bar the obvious sale of an established first teamer - by moving on youth players who have low amortised values, because little or no transfer fee was paid for them initially. Whatever price they are then sold for can be counted as almost 'pure profit' in the accounts (as was the case for Archie Gray's £40m sale to Spurs for example.)In that category fall several candidates such as Mateo Joseph, who the club rejected a £10m offer for from La Liga's Real Betis in January. He has been linked with Strasbourg. Joseph, 21, began last season as Leeds' main striker and although he performed well for Spain's under 21s he did not make the progress envisaged over the entire campaign. Returning from loan spells are Joe Gelhardt, Sam Greenwood and Darko Gyabi, who all remain under contract and therefore have some value. Their futures may lie elsewhere, but, it is difficult to believe the combined fees fetched for them would help to significantly add to United's spending power and counteract the £61m loss the club is permitted to make under PSR this year as it Jack Harrison in particular is interesting. Having had two seasons on loan at Everton he now has 170 Premier League appearances under his belt. Harrison, 28, has not rediscovered his peak seen under Marcelo Bielsa, and, will require a tough skin to convince those that believe he should not see out the remaining three years of his deal at Elland Road after leaving the club post relegation in 2023. But he's a ready made winger, already on the books and is naturally left-footed in a position now vacated by Manor Solomon's return to Spurs. So all eyes turn to managing director Robbie Evans, sporting director Adam Underwood and manager Daniel Farke as to how a competitive squad is created in time for mid August. The English philosopher and logician Carveth Read is credited with the quote "it is better to be vaguely right than precisely wrong." When it comes to the less than exact science of recruitment this summer United chairman Paraag Marathe is taking the sentiment further: "You've got to nail your transfers," he told us after sealing the Championship title. The margin for error by the management team is slim but the weight of expectation, as always, will be enough to break the scales!Listen to West Yorkshire Sport Daily, weeknights at 18:00, and subscribe to BBC Radio Leeds' Don't Go To Bed Just Yet podcast on BBC Sounds
BBC News
2 days ago
- Business
- BBC News
Leeds owners 'can't spend wildly' so 'need to be cute and clever'
BBC Radio Leeds' Adam Pope says club owners 49ers Enterprises will have to be "cute and clever" with summer recruitment following a BBC article with football finance expert Kieran Maguire that suggested a £100m transfer spend could be over the funds available to Leeds has intensified since a US-based consortium, including the investment arm of the San Francisco 49ers, completed a multi-million pound takeover of Scottish Premiership side Paraag Marathe will work as Rangers' new vice-chairman alongside his existing position at Elland Road."The interesting thing for me is I read an article over the weekend pertinent to Leeds by Kieran Maguire, who is really good," Pope told the Don't Go To Bed Just Yet podcast."He has looked at what everybody can spend in the Premier League and he mentioned Leeds might be looking at £100m to spend at the top end."This doesn't really go that far because they had two years in the Championship so this year of the three-year cycle they can afford to lose £61m. "You can't spend wildly so people who are talking about what the owners are putting into Rangers and what they're not putting into Leeds - there are limits. £100m doesn't sound a right lot so they have to be cute, they have to be clever."The podcast team were also keen to reflect on a day of celebration in the city before turning total attention to next season, after fans and players attended a huge Kaiser Chiefs gig on Saturday."The fact it was a whole day of celebrations rather than just jamming it into two hours was so good," Pope added. "The whole day felt like one big celebration."It has been a great year and this was the culmination of two great weeks following Leeds going up and the Bristol City game and then the Plymouth game to win the league with all the drama."It just felt like that period of celebration was all extended until this."Listen to the full episode on BBC Sounds
BBC News
3 days ago
- Business
- BBC News
What can promoted clubs spend this summer?
Having been in the Championship for two years out of the past three, Burnley may need to be conservative with their PSR loss limited to £ from Sunderland, the Clarets are the only Premier League side yet to go above the £20m mark in a single player Black Cats' return to the top flight via the play-offs comes with the knowledge they will be able to reinforce significantly for the step up in class that le Fee's loan move from Roma in January included an obligation-to-buy clause and the French midfielder could well kick-start a recruitment drive with Sunderland in good financial shape."Since being relegated from the Premier League in 2017, Sunderland have not spent more than £10m in a single year on player signings, despite receiving parachute payments, and they have only made losses of £18m in the last two seasons," said football finance expert Kieran who finished top of the second tier are in a less fortunate position."They will have to box clever in terms of recruitment," continued Maguire."Spending £100m is just about feasible."Read more about the early transfer window and what each Premier League club can spend this summer
