There is no doubt Profit and Sustainability Rules (PSR) have put the brakes on Newcastle. It is why the Magpies support their replacement, Squad Cost Ratio (SCR), which comes in on 1 July. Whereas Chelsea and Manchester City were able to spend freely to build their empire, governing bodies now have the shackles on. "With having a bigger stadium, hoping to either expand the stadium or move, they see the longer-term benefits of SCR." But once you look under the hood you see that SCR might reinforce the financial dominance of the Premier League's established order.

Source: BBC March 23, 2026 20:48 UTC