‘Breaking news’ as FFP changes are proposed – Good news in Newcastle and Saudi PIF?

Newcastle United may be one step closer to winning their battle against FFP restrictions as it has emerged that the league’s clubs are considering abolishing points deductions in favour of a luxury tax.

Breaking the news on Thursday, Mail Sport’s Mike Keegan revealed that Premier League clubs, who set the rules they have to abide by through a vote, have been discussing “radical” reform of the current rules.

Rather than face punishments for overspending, which critics inside the league say may lead to the Premier League losing out on its position as the best league in the world, it has been suggested that a luxury tax of a financial punishment for overspending would be preferable.

It is suggested that the money created by this tax would be redistributed to clubs in the league who were compliant with spending regulations.

This is major news for Newcastle who have been pretty candid on the difficulties facing the club because of FFP restrictions. Without the fear of a points deduction, the club may have felt more comfortable with spending this January to bolster an injury-ridden squad.

And, in another good move for the Toon, Keegan reports that Premier League clubs are looking at reversing the rules on related-party transactions – this was seen at the time as a way of limiting Newcastle’s use of the Saudi market.

“The situation is complex,” Keegan said.

“Traditionally the ‘Big Six’ both Manchester clubs, Arsenal, Tottenham, Liverpool and Chelsea, have tended to vote together. However, it is understood that there has been a ‘seismic shift’ in relationships, with Saudi-owned Newcastle now included in a ‘Big Seven’.”


Source link : https://www.nufcblog.co.uk/2024/04/04/breaking-news-as-premier-league-changes-are-proposed-good-news-in-newcastles-fight-against-ffp/

Author : Joshua Nichol

Publish date : 2024-04-04 14:22:12

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