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Finance expert Kieran Maguire agrees with the comments of Crystal Palace co-owner John Textor that financial regulations in the Premier League are “broken”.that the rules are designed to “keep the door well and firmly shut” for smaller clubs who intend to disrupt the established elite., Palace chief Textor said “Financial fair play is a fraud of a term, to say it’s about sustainability.
“It’s clear that they are built to make sure that clubs which do not drive significant revenues cannot catch up.” Both Everton and Nottingham Forest were charged with breaching Premier League Profit and Sustainability Rules this season after exceeding the allowable losses of a top-flight club.Maguire agreed with Textor’s comments and suggested that other systems could easily be put in place.
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