Darren Eales insists that Newcastle’s Saudi-backed owners are prepared to commit the “maximum available” cash under PSR regulations, also discussing two of the routes available to boost our growth as a club under these tedious financial rules.
Speaking at the recent We Are United fan event at the STACK, our CEO explained that we have two ways to fight back against FFP and PSR; grow our commercial revenue streams and/or focus on smart player trading.
Eales admitted the amounts then available to spend in transfer windows will ‘ebb and flow’ based on the financial three-year cycle all clubs must work within, but insisted that we are trying to grow ‘as quick as we can’ while walking that financial ‘tightrope’ that limits our spending.
Eales said: “We hate the words PSR. But it is what we have to work to and I think it has impacted us as a club perhaps more than other clubs. I think fans out there know that. We have two ways to grow.
“We can grow the revenues, and there’s two ways we can do that, commercially or through trading players. Then secondly it is about how we efficiently spend. It is almost unforgiving for us because we are walking that tightrope. We are trying to get there as quick as we can.
“We have an ownership that will commit – and we are very fortunate – the maximum available under PSR regulations. It’s about how you spend that and you can’t always do it in one window. Sometimes it ebbs and flows because of the financial three-year cycle.”
Eales was also keen to back Eddie Howe, praising the “amazing” work he’s done on and off the pitch. “It speaks for itself the work that Eddie has done. You’ve seen on the pitch with the results from going from a relegation spot to Champions League.
“Then carrying on from this season. We have done a really good job under Eddie. All the cup competitions are taken seriously and it’s the first time ever we have had three straight quarter-finals in the League Cup.
“So Eddie has done an amazing job on the pitch and done it against a backdrop of PSR. But what I think and what I really love about Eddie is he gets the club, he gets the connection and what this club means to the city and the community.
“He is also collaborative and a manager that doesn’t just thinks short-term and does think about the club, understanding that you have to make tough decisions. He is always doing through the lens of the club. Eddie has done a great job, we have had players getting into the national team, two full-backs with Tino Livramento and Lewis Hall.
“You can see how he has worked with those players and that is what we have to do in the future. We have to continue to develop players. That is how we are going to get where we want to get to as quickly as possible.”
The club should be doing as much as Eddie Howe does on the football side challenging the PSR rules and the way it suits the teams who are simply protecting their revenues to maintain a boring same old same old premier league outcome and cup competitions.
They appear to be doing little in terms of challenging what is effectively a handicap horse race but in this case it’s the less well off who are hindered rather than the clubs at the top of the chain.
Birdy(Quote)
Birdy:-
The problem is the FA have 14 clubs plus to hide behind under the crooked voting system as those clubs do not want others to progress faster than they can so they shackle us.
I do agree that we should challenge under competition laws and the way the FA is run.
Joseph(Quote)
Joseph the FA have nothing to do with it, it’s all on the prem league.
As for long term commitment I’d be more at ease with it if we had a new training ground up and running or under construction. Something that was mentioned would happen after the game over but here we are 3 years later and no mention of it at never mind it actually here or underway.
I mean it’s not like a new stadium and building both do not come under PSR rules so did anyone even ask about it at this meeting?
Absolutely glorious(Quote)
Take over not take over ffs Olly change this forum so it can be edited
Absolutely glorious(Quote)
Game ffs I give up
Absolutely glorious(Quote)
Yeah what happened to the new training ground its was that another pipe dream and someone to give eddy Howe a shake in trying to buy cheap players and look where that has got us Howe is there train the best players not second best and to play his best players not his favourite’s
RINTINTIN(Quote)