While Everton’s departure from Goodison Park was meant to herald a new dawn, they arrive at Hill Dickinson Stadium still to some extent paying for the huge contracts and big-money mistakes under former owner Farhad Moshiri.
“One marquee signing is certainly possible, especially with some players out of contract, but the chances of a series of big names is less likely,” added Maguire.
“A spend of £50-£100m is the ballpark unless there are exits.”
Fulham will likely find themselves with a little more in their budget, although the fact that their wages to revenue ratio is at 85% is a cause for concern.
“Owner Shahid Khan has backed the club extensively in the past and, with manager Marco Silva keen to attract new players, a £100-150m further player investment is possible,” added Maguire.
Elsewhere, Nottingham Forest’s qualification for Europe next season is great for fans, even if the Conference League may not necessarily swell their accounts.
Uefa only distribute 9% of the prize pot to clubs in that competition, compared to 74% for those in the Champions League.
The club have a top-10 wage budget, after establishing themselves back in the Premier League, and funds to meet the extra demands of a first European adventure for 30 years.
Tottenham will have the capacity to strengthen but still owe more than £330m in unpaid transfer fees, a considerable proportion of which are due in summer 2025.
This may prove the biggest constraint to spending for their Champions League campaign next season.
West Ham boss Graham Potter is under no illusions about what needs to be done this summer after their 14th-place finish.
The Englishman has already said he wants to trim and lower the age of his squad and should have room to manoeuvre if the owners elect to back him.
Wolves have incurred substantial losses over the past two seasons, but successful player sale profits have offset these.
“The club say they want to be more sustainable, and this could result in spending being curtailed due to owner choice rather than PSR limits,” added Maguire.
