Financial Fair Play has become a hot topic in English football given recent charges against Everton and Nottingham Forest
Gary Neville suggests that the current Financial Fair Play (FFP) restrictions hinder the potential for clubs like Newcastle United to rise as competitive forces. The ongoing discussion in English football revolves around transfer restrictions and the governance of clubs’ financial standings, with recent charges against Everton and Nottingham Forest for breaching Premier League profit and sustainability rules on Monday.
Everton faced severe consequences, receiving a record 10-point deduction in the Premier League for non-compliance with Profit and Sustainability Rules (PSR) earlier this season. Looking at Newcastle’s situation, CEO Darren Eales acknowledged the possibility of selling players to generate “headroom” for new acquisitions, citing financial constraints as the driving factor.
This is despite the fact that Newcastle United is supported by a sovereign wealth fund valued at around $700 billion. The discussion surrounding Financial Fair Play (FFP) and Profit and Sustainability Rules (PSR) has become a significant issue, with indications that the Premier League might revise its regulations in the upcoming summer.
Former Manchester United defender Gary Neville has voiced his disapproval of the current restrictions, highlighting how they hinder Newcastle and serve to “protect” the so-called “elite” clubs. The 48-year-old has also urged the Premier League to expedite its case with Manchester City to provide clarity for other clubs.
“I would like to see a modification to FFP,” Neville stated in an interview with The Overlap. “I never agreed with it in the first place, the way it currently is. It prevents clubs, such as Newcastle United with affluent owners, from ascending to the top.”