Newcastle United are often handed the title of the 'richest club in the world' which has ever actually been true, but we do have the richest backers in world football along with the four Saudi Arabian clubs also backed by PIF money.
Not only is the moniker a misnomer, the reality is that Newcastle United face massive financial issues brought about by restrictive Profit and Sustainability Rules which massively nullify the club's ability to spend money in the transfer market.
The PIF could easily afford to give Newcastle the money to go out and buy whomever they so desire, but PSR restricts the owners from putting their own money in the club and instead insists that clubs can only spend what the club itself generates.
There are definitely some positives to the rules when it comes to smaller clubs, but when there's absolutely zero danger of financial struggles, such as in Newcastle's case, then the rules seem silly to say the least.
Now former England goalkeeper Ben Foster has slammed the rules on his Football Fill-In show using Newcastle as the prime example of why mega-rich investors may start looking elsewhere rather than investing in the Premier League.
“They are the richest football club in the world and can’t spend any money.
“What’s the point? What is the point in having all this resource and not being able to actually spend it.
“Surely in the future, it is just going to detract from any potential investors coming in and buying Premier League teams and trying to improve it.
“You shouldn’t be able to have it exactly the way it is now, where they’ve got to sell players in order to buy players. That can’t be right, come on.”
The bottom line is, there can never be a 100% fair way to approach it. There are always going to be some clubs that are richer than others. Whether that's through mega-wealthy owners or an ability to generate more revenue as a club.
Restricting what the owners can do will, as Foster says, only turn off big-money investors coming in and buying clubs and trying to improve the league.
We obviously don't have the answers, but the conversation around PSR is only going to heat up again soon now that the case of Manchester City's 115 charges has ended. Once the result of that case is made public, PSR will be under the spotlight again no matter which way the ruling goes.
PL | GD | PTS | ||
---|---|---|---|---|
1 |
Liverpool
|
14 | 18 | 35 |
2 |
Chelsea
|
15 | 17 | 31 |
3 |
Arsenal
|
15 | 14 | 29 |
4 |
Manchester City
|
15 | 6 | 27 |
5 |
Nottingham Forest
|
15 | 1 | 25 |
6 |
Aston Villa
|
15 | 0 | 25 |
7 |
Brighton
|
15 | 3 | 24 |
8 |
Bournemouth
|
15 | 3 | 24 |
9 |
Brentford
|
15 | 3 | 23 |
10 |
Fulham
|
15 | 2 | 23 |
11 |
Tottenham Hotspur
|
15 | 12 | 20 |
12 |
Newcastle United
|
15 | -2 | 20 |
13 |
Manchester United
|
15 | 1 | 19 |
14 |
West Ham United
|
15 | -8 | 18 |
15 |
Everton
|
14 | -7 | 14 |
16 |
Leicester
|
15 | -9 | 14 |
17 |
Crystal Palace
|
15 | -6 | 13 |
18 |
Ipswich
|
15 | -13 | 9 |
19 |
Wolves
|
15 | -15 | 9 |
20 |
Southampton
|
15 | -20 | 5 |