Newcastle United remain restricted to losses of £105m over a rolling three-year period after Aston Villa failed in a bid to increase the PSR limit last summer
Aston Villa director of football operations Damian Vidagany and president of football operations Monchi
Aston Villa director of football operations Damian Vidagany and president of football operations Monchi
A proposal to tweak PSR rules was shot down because Premier League clubs do not want competition from 'aspirational' sides like Newcastle United.
That is the view of football finance expert Kieran Maguire after Aston Villa failed last summer with a bid to increase the PSR limit from £105m to £135m.
This rolling three-year figure has not changed since the rules were introduced in 2013 and Chris Heck, who was Aston Villa's president of business operations, even claimed that permitted losses should be closer to £143m if the Bank of England's guidance is taken into account.
However, Liverpool CEO Billy Hogan was among the executives who 'didn't see the sense in making that change' while Brighton chief Paul Barber has previously said that the prospect of 'arguing about wanting to lose more money' was 'not one that any of us should sign up to'.
Aston Villa have since followed in Chelsea's footsteps and sold their women's team to help comply with the rules and Maguire has a 'lot of sympathy' with the Villains.
"Premier League owners believe that such transactions are representative of the ethics and morality of their rules, which are described as profitability and sustainability rules," Maguire told the Price of Football.
"Therefore, transferring something to yourself and making a paper profit on that is an example of profitability and sustainability and we've got nothing to see here.
"Then they wonder why there is criticism of the governance of the Premier League, why there is a groundswell of opinion that we need an independent football regulator. They just don't get it.
"Why are we allowing this? It's because club owners with short-term self-interest will do what's best for Aston Villa.
"I've got a lot of sympathy with Aston Villa because they did try to persuade other clubs in the Premier League to increase the PSR limits because they have not gone up with inflation.
"Other clubs, because it was in their interest to keep that limit lower, because they don't want the competition from Aston Villa, Newcastle, Forest and other aspirational clubs, voted it down."
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