For Newcastle United, navigating the Premier League’s Profit and Sustainability Rules is the defining issue of their current era.
PSR limits Premier League clubs to losing a maximum of £105m over a rolling three-year period, as long as the bulk of that deficit is covered by an owner.
Naturally, the eye-wateringly wealthy Saudi Public Investment Fund are prepared to bankroll the club’s losses, and CEO Darren Eales has said that Newcastle will always spend the maximum allowed under PSR.
Newcastle have sailed close to the breeze so far, only narrowly dodging a breach in the monitoring period up to 30th June 2024 by virtue of academy sales and controversial quasi-swap deals.
The fact that Newcastle qualified for the Champions League in that assessment window and yet still were has been used by many commentators as evidence that the rules are not fit for purpose.
Newcastle’s pursuit of Marc Guehi meanwhile has hit something of a roadblock due to Crystal Palace’s £70m appraisal of the England defender
The Magpies are not in a position to pay what they may consider over the odds for players, especially given that their amortisation bill will run well past £100m mark this term.
