Connect with us

Sports

PSR spending rules ‘not right’ at moment – Howe

Published

on

Newcastle United manager Eddie Howe says the way spending rules in football are working at the moment is “not right”.

The Magpies were forced to sell players in the summer to balance the books under Profit and Sustainability Rules (PSR).

Elliot Anderson and Yankuba Minteh both left Tyneside for fees in excess of £30m, to Nottingham Forest and Brighton, respectively.

And Howe, speaking on former Crystal Palace chairman Simon Jordan’s podcast Up Front, admitted: “I felt really uncomfortable in the summer when we were forced to make sales of two really talented young players in Elliot Anderson and Yankuba Minteh, against our will really for financial reasons.

“One was an academy product we’d invested in since he joined the club as a young lad. You just think, ‘why are we doing this? This doesn’t feel right’.

“I understand the rules to a degree. I understand the concept but I think how it is fundamentally working at the moment is not right.”

Last season, Forest were deducted four points for breaching PSR in the 2022-23 campaign.

Everton had an initial 10-point deduction reduced to six, before being docked a further two points for a second breach.
While Howe understood the intention of PSR, he felt it could be applied better.

“The buying and selling of players has always been such a good thing for the game,” he added.

“It brings intrigue and so much to the game, but now it’s almost gone against that.

“It’s purpose was to do one thing but in reality it has turned into something totally different.”

When the Magpies were taken over in the October 2021 by a consortium backed by the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, Newcastle became the richest club in the world.

PIF were worth around £320bn at the time of the takeover, but haven’t been able to invest much of their wealth into the club since then.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sports

Havertz online abuse has terrible consequences – Arteta

Published

on

By

Arsenal manager Mikel Arteta says the online abuse of striker Kai Havertz and his wife has “terrible consequences” and needs to be “eradicated from the game”.

Havertz was criticised for his performance in Sunday’s FA Cup defeat by Manchester United, after he missed a glorious chance to win the game in normal time and then had his penalty saved in the shootout as United won 5-3 on penalties following the 1-1 draw.

The German’s wife Sophia shared screenshots of the “shocking” abuse she received on social media amid the game, including threats to the couple’s unborn child.

Arsenal have reported the abuse to the police and are working with a specialist data firm to identify the culprits, but Arteta says more must be done as he spoke before Wednesday’s north London derby against Tottenham.

“It’s incredible, honestly,” he said. “We really have to do something about it, because accepting that and hiding this has terrible consequences.

“It’s something we have to eradicate from the game because it’s so cynical and dependent to a result of an action.

“There is no other industry like this. When we played Ipswich on December 27, we won 1-0 and Kai Havertz scored. The whole stadium after that is singing the ‘Waka, Waka’ (his chant). That was 20 days ago. Where is the perspective?

“We are all responsible. That’s a really serious matter. It affects me. It affects him and everybody that is in the industry.

“We can accept it and say ‘that’s our job’, but there are certain limits and the line has to be drawn. We put a lot of attention on technology and what is next in football.

“What is next in football is that this should be prohibited. It cannot happen. That’s it.”

Meta, who own Instagram, removed the content for violating its policies.

Continue Reading

Sports

I will not be the coach of a Red Bull team – Klopp

Published

on

By

Jurgen Klopp says he has made a “clear commitment” that he will not become manager at one of the Red Bull clubs after starting his role as the organisation’s head of global soccer.

The former Liverpool manager was named in the role last year before officially starting at the beginning of 2025.

He has not had a managerial role since leaving Anfield last summer following a highly-successful nine year spell.

Klopp’s new role sees him take more of an oversight role across a number of clubs including RB Leipzig, Red Bull Salzburg and New York Red Bulls.

But when asked at a media conference on Tuesday whether he might be tempted back into day-to-day management if a role at one of the clubs becomes available, Klopp said emphatically said “no”.

“I will not be the coach of a Red Bull team,” he said. “That is a clear commitment. As much as you can give a guarantee, I will not be a coach at all.

“I am probably the only person in this room who will be asked where are you in five years, I don’t have a clue.

“But I will not be a replacement of one of the Red Bull coaches.

Continue Reading

Sports

Rising star Fonseca knocks out ninth seed Rublev

Published

on

By

Joao Fonseca had a Grand Slam debut to remember as he knocked out ninth seed Andrey Rublev in the first round of the Australian Open.

The 18-year-old Brazilian thrilled the crowd as he caused the biggest upset of the tournament so far with a 7-6 (7-1) 6-3 7-6 (7-5) victory against Rublev.

Fonseca was playing in his first main-draw match at a major, having come through three rounds of qualifying without dropping a set in Melbourne last week.

The victory extends his winning streak to 14 matches – but who is tennis’ latest rising star?

Continue Reading

Trending