Kieran Maguire drops £566m Everton reveal as club chief ‘Cheesed Off’

It is no surprise to hear that Everton chiefs are “cheesed off” by the Newcastle United takeover.

So says finance boffin Kieran Maguire, speaking exclusively to Football Insider about the implications of the takeover for the Toffees.

The Daily Mail reported on 16 October that Everton CEO Denise Barett-Baxendale is unhappy with the Premier League’s handling of the buyout.

It is claimed that she is one of several chiefs to be vocal in her criticism of Premier League chief executive Richard Masters.

Newcastle have been catapulted into the financial elite after the £305million takeover by the Saudi Public Investment Fund.

Maguire insists that Everton will be wary of the threat which the newly-minted Magpies represent.

He told Football Insider correspondent Adam Williams: “Everton spent £566million on player recruitment in the first four years under Moshiri.

“Now, FFP is acting as an anchor. They are now having to shop in a market that was similar to Newcastle prior to PIF.

“Pre-Moshiri, they were a well-run club financially because Bill Kenwright didn’t have the money himself to invest. They had to run on an even keel.

“Moshiri actually inherited a bigger wiggle room than the Newcastle owners for that reason.

“They now see Newcastle being a parallel club to themselves. They would rather they be one of the teams fighting relegation.

“Both are in the mid-tier with a view to challenging the top six. So you can see why Everton are cheesed off with this.

This article was originally posted here

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