Former Everton chief Keith Wyness has insisted Newcastle United will still find it hard to permanently “break into the top six” despite an overhaul of Premier League financial rules.
These new regulations will replace the Profitability and Sustainability Rules - which had previously permitted clubs to lose only £105million over three years.Newcastle qualified for the Champions League last term but struggled in the 2023-24 campaign and could not spend in January despite a swathe of injuries at St James’ Park.“They have the same protection from the other clubs coming forward.
“Look at an example, like Newcastle. We all know they’ve got big financial resources, to say the least – but they can’t spend like they want to. Join the Football Insider WhatsApp channel to get all our exclusives and the breaking transfer news FIRST. “All we’ve done is increase the amounts, in keeping with inflation and other factors. But it still doesn’t get to the main point of getting a formula which allows clubs to challenge and break into the top six.