Newcastle United still have a huge revenue gap to bridge and Simon Jordan has taken aim at PSR for 'killing the competitiveness' of the Premier League
Simon Jordan
Simon Jordan(Image: talkSPORT)
Newcastle United have 'every right' to do what Manchester City and Chelsea did - but PSR rules have 'killed the competitiveness' of the Premier League.
That is the view of Simon Jordan, who has called for change, after the former Crystal Palace owner previously took aim at what he termed the Premier League's 'cartel'.
The regulations were introduced in 2013 - long after Chelsea and Manchester City had cemented their place at the top following the clubs' respective takeovers.
Newcastle have since managed to disrupt the established order by qualifying for the Champions League in two of the last three seasons.
However, Newcastle face a challenge to maintain their place among the elite in a PSR world - let alone take the next step and fight for the title - because of the huge revenue gap that the Magpies still have to bridge.
"The basic premise of the Premier League and why it's been so successful was it was open for business," Jordan told talkSPORT.
"You can't open something for business and suddenly decide that you close it again because the ramifications of it are that everyone who is already established are up and away so what are Newcastle going to do now?
"Newcastle have every right to do what Chelsea did, every right to do what Man City did in terms of buying players, building their football club and trying to create an outcome.
"My big thing with PSR was I hoped it suppressed players' wages and transfer fees. It didn't so all you have done now is make sure that Liverpool, Arsenal, Man City and Chelsea are OK.
"What are Newcastle going to do? How can [Nottingham] Forest get their turnover up to £600m to compete? They can't. Then you've killed the competitiveness of the league."
It is approaching two years since Newcastle last made a major signing - Lewis Hall was already at the club when the defender's loan move was made permanent last summer - and it has been the black-and-whites' aggressive rivals who have made breakthroughs in the opening weeks of the window.
Liverpool have already signed Florian Wirtz, Milos Kerkez and Jeremie Frimpong while Giorgi Mamardashvili is also on his way to Anfield after a deal was agreed a year ago.
Manchester City have recruited Tijjani Reijnders, Rayan Cherki and Rayan Ait-Nouri. Manchester United have activated Matheus Cunha's release clause. Arsenal are set to formally announce the arrival of Martin Zubimendi.
Chelsea, meanwhile, are set to complete moves for Borussia Dortmund star Jamie Gittens and top Newcastle target Joao Pedro having already won the race to sign Liam Delap, who was also on the Magpies' shortlist.
There is still plenty of time left, of course, and Newcastle remain in a strong position to strengthen as Howe bids to 'buck the trend' once more in an era where the clubs with the highest wage bills have historically picked up the most points.
"My career history has always been battling against teams with bigger resources," the Newcastle boss said a couple of months ago. "That's never bothered me.
"I have lived in that world for a long time so I count on other things against the ability to sign players.
"I look at the other things that hopefully we can get an edge on our rivals with. That's hard work, team spirit, togetherness and all those other qualities that I never underestimate."
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