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City are alleged to have breached Premier League financial regulations from 2009 to 2018 and failed to cooperate with the governing's body's investigation.

You can't prove it perfectly, but what you could probably sue for is some sort of insurance value because we saw in the Carlos Tevez case in 2005, I think it was about £16million, when they were relegated and Tevez kept West Ham up."

Maguire highlighted that Derby County's recent legal settlement with Wycombe Wanderers and Middlesbrough after breaching the EFL's Financial Fair Play (FFP) rules could set a precedent for Premier League teams aiming to claim damages, should City be found guilty.

Derby reached a settlement with Wycombe's ex-owner Rob Couhig, who sought compensation for Wycombe's relegation in the 2020/21 season, while Derby avoided relegation on the final day, after a 3-3 draw with Sheffield Wednesday.

Middlesbrough also claimed that they missed out on a Championship play-off spot in 2018/19 due to Derby's breaches - and both Middlesbrough and Wycombe agreed to a settlement.

Maguire referenced that case, stating: "We saw two or three years ago when Derby County were accused of unusual accounting - effectively breaking PSR -that both Derby and Wycombe Wanderers came to a financial settlement as a result of that.

Can you prove that?

"If Middlesbrough had got into the play-offs they would've got - on average - a 20 per cent chance, because they were the bottom club in the play-offs, a 20 per cent chance of the money from the Premier League.

You work it out and say this would be the additional cost of going to the Premier League - what would an insurance tell you?"

The settlement was agreed upon by the owners of Derby and Wycombe, rather than the clubs themselves.

City's alleged breaches span a longer period than Derby's, and Maguire reckons more clubs may decide to seek financial compensation if the reigning champions are found guilty.

He explained: "You've got nine years, in which a side finishing fifth in the Premier League could claim they missed out on a Champions League place," and also detailed how clubs might assert they were financially disadvantaged due to City's actions.

"We've got nine years in which a club may say they would have won the Premier League because they finished in second and; 'If we'd won the Premier League we would have got a bonus from Adidas, a bonus from our sponsors for this, we get more money from UEFA for winning the Premier League as well'.

"They put in a claim and as far as the legal consequences go - if Manchester City lose, then the legal issues have only just started, they have not finished."

When questioned about City, potentially, being responsible for other clubs' insurance claims, Maguire added: "Potentially.
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