Newcastle set for boost in FFP battle as Premier League clubs vote for new rules
Newcastle look set to have emerged victorious in their battle against Premier League financial rules as Sky Sports report that clubs have voted for new financial rulesFFP and PSR have been contentious regulations this season, with Toon chief Darren Eales speaking ahead of the January window saying that the rules would be restrictive on our business. But, after a meeting of Premier League clubs today, it looks like we are about to see the scrapping of PSR as we know it.
The ratio rules will see clubs restricted to spending 85% of their overall revenue on transfer fees, wages and agent fees. It comes after substantial pressure from clubs including Newcastle who fought a PR campaign against the rules with interventions from chief Darren Eales in the media.
In January 2024, the club announced an increase in revenue by 39%. A statement on the club site said: “The club increased its revenues to £250.3m from £180m the previous year, as match day, commercial and media rights revenues all increased.
