Alan Shearer has urged the Premier League to “dramatically change” the Profit & Sustainability (PSR) regulations.
Introduced in 2015-16, the rules were established to prevent clubs from entering financial difficulty. Clubs are prohibited from recording losses of £105million over a three-year period.
Little was made about the measures until recent years but Newcastle United’s takeover proved a turning point. The Saudi-backed regime – and Toon supporters – have been frustrated by not being able to unleash their £700billion pockets on lavish signings.
Restrictions have forced a more measured approach, with the Magpies not making a major first-team signing for three transfer windows. Everton and Nottingham Forest being slapped with points deductions last season also amplified the noise around PSR regulations.
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Speaking to The Rest of Football podcast, Newcastle icon Shearer has called upon Premier League clubs to “get rid” of PSR. He said: “Get rid of the PSR rules…dramatically change them. They are (competing) this season, but it’s a big but. Nottingham Forest have come in and they have challenged the big boys.
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“But over recent seasons, we have seen Newcastle do that and disappear. We have seen Aston Villa do that and they’re now eighth. Would that happen to Forest? Would they be able to go on and spend again? Look at where Bournemouth are and what they are doing.
“I’ve always said the way they are at the minute doesn’t sit easy with me because it’s not designed for anyone to come in and challenge the big boys. You might do it for one season but, after that, you’re not able to do it. Ultimately, being competitive all boils down to the finances.”
