Since the summer of 2023, Newcastle United has not reinforced their starting lineup, and Gary Neville has taken notice.
Gary Neville has criticised the Premier League’s financial constraints, which have prevented the ‘richest owners in the world’ from boosting Newcastle United in recent transfer windows.
Newcastle and top-flight clubs are presently testing squad cost rules and top-to-bottom anchoring in the shadows, but Premier League clubs are still limited to losses of £105 million over a rolling three-year period. These PSR rules, which were adopted in 2013, will remain in force next season after top-flight teams voted against modifying the regulations at a stakeholders’ meeting last month.
Kieran Maguire, a football financial expert, had indicated that Newcastle was impacted ‘hardest’ by the laws since permissible losses had not increased in accordance with inflation. Maguire even compared the Magpies’ goal of closing the revenue gap on the established order to a ‘1,500-metre sprint where Newcastle have practically need to run an extra lap behind everyone else’.
Newcastle have not improved their starting lineup since qualifying for the Champions League in 2023, and the black-and-whites have concluded the last two transfer windows in profit after narrowly avoiding a PSR violation last summer. That has not gone unnoticed by Neville, who has always believed that owner investment should be permitted so that Newcastle ‘can reach to the level’ of the elite.
“You look what’s happening at Newcastle where they can’t sign a player and they’ve got the richest owners in the world by the way,” according to him. “Every club that isn’t doing so well in the league and isn’t qualifying for Europe or getting Champions League football – [Aston] Villa did this year, so they’re in a better financial position – but every club is now on the verge of failure if they don’t recruit well and don’t get into the Champions League. “They’re all on edge.”
