But player agent Craig Kelly, the man touted as the TV and radio star's most likely successor, is far from ready to take on the job.
"It's not even something I'd consider at the moment," Kelly told AFL.com.au before adding, "Eddie and Perty (chief executive Gary Pert) are doing an outstanding job."
McGuire has been in the position for 14 years and talk of a transition from the high-profile president has surfaced.
"As a football club, or in any business or any company, you've always got to be thinking towards the future," Maxwell said.
"So whether that's one or two years away for Ed, or whether it's 15 years away, it's always something you've got to be thinking about.
"I'm sure that's something he'll plan for."
The fact that McGuire makes news has helped bring the Magpies back from the brink, but it's not always for the right reasons.
On Fox Footy on Monday night he told Mike Sheahan that he had every intention of running for election again when his three-year term runs out at the end of 2014.
"I've got no thoughts of not standing," the president said.
But McGuire doesn't believe Kelly's the right man if he's still at the helm of the Elite Sports Properties empire.
"I don't think Craig can do the job, [not] with the job that he does for a living. If he sold his business then he might be in a position to do so," McGuire said.
"Could he be the president? Absolutely. And I think he'd be great at it."
Kelly agrees he'd have a massive conflict as it stands, but that doesn't mean the timing might not be right down the track.
If McGuire, 48, stays at the helm for a further three years then Kelly could be ready for a run.
"At the end of the day I've got a job with ESP that's totally conflicted to hold any position like that.
"If ever that changed down the track I'd be working and having discussions with Eddie and the guys about trying to assist the club in any which way I can," Kelly said.
Maxwell admits McGuire has a lot to juggle, but is full of praise.
"Eddie saved our club, we were actually going to be extinct without him coming on board and doing what he did," Maxwell said.
"Obviously his commitments are huge, probably more than anyone else out there - the amount of work that he has to put in with all the hats that he wears.
"And also he's got a young family, so he'd want to make sure that he's part of that with them growing up."
There's no doubt being president of the highest profile club in the competition is a unique job - it needs profile, it needs power – and whoever steps into the role has big shoes to fill.
Asked if he'd consider a post-football run for the Magpies presidency Maxwell laughed; "I don't know about that."
Matt Thompson is a reporter for AFL Media. Follow him on Twitter @MattThompsonAFL
"So whether that's one or two years away for Ed, or whether it's 15 years away, it's always something you've got to be thinking about.
"I'm sure that's something he'll plan for."
The fact that McGuire makes news has helped bring the Magpies back from the brink, but it's not always for the right reasons.
On Fox Footy on Monday night he told Mike Sheahan that he had every intention of running for election again when his three-year term runs out at the end of 2014.
"I've got no thoughts of not standing," the president said.
But McGuire doesn't believe Kelly's the right man if he's still at the helm of the Elite Sports Properties empire.
"I don't think Craig can do the job, [not] with the job that he does for a living. If he sold his business then he might be in a position to do so," McGuire said.
"Could he be the president? Absolutely. And I think he'd be great at it."
Kelly agrees he'd have a massive conflict as it stands, but that doesn't mean the timing might not be right down the track.
If McGuire, 48, stays at the helm for a further three years then Kelly could be ready for a run.
"At the end of the day I've got a job with ESP that's totally conflicted to hold any position like that.
"If ever that changed down the track I'd be working and having discussions with Eddie and the guys about trying to assist the club in any which way I can," Kelly said.
Maxwell admits McGuire has a lot to juggle, but is full of praise.
"Eddie saved our club, we were actually going to be extinct without him coming on board and doing what he did," Maxwell said.
"Obviously his commitments are huge, probably more than anyone else out there - the amount of work that he has to put in with all the hats that he wears.
"And also he's got a young family, so he'd want to make sure that he's part of that with them growing up."
There's no doubt being president of the highest profile club in the competition is a unique job - it needs profile, it needs power – and whoever steps into the role has big shoes to fill.
Asked if he'd consider a post-football run for the Magpies presidency Maxwell laughed; "I don't know about that."
Matt Thompson is a reporter for AFL Media. Follow him on Twitter @MattThompsonAFL
