Following a meeting between all 20 Premier League clubs on Thursday, an update has arrived on the financial rules that have held Newcastle United back from spending freely in recent transfer windows.

The Premier League’s Profitability and Sustainability Rules (PSR) will remain in place for another year, despite suggestions there would be tweaks ahead of the 2025/26 season.

At one stage, the current system looked set to be replaced by Squad Cost Ratio (SCR) rules this summer, offering a new set of regulations to abide by after a PSR period that has frustrated several Premier League sides, particularly Newcastle, Man City and Aston Villa.

However, during a meeting in London today involving Newcastle chiefs and the 19 other top flight clubs, it was agreed that PSR will be staying for at least one more season.

According to The Athletic, it was conceded that a new system would not be ready in time for the start of next season, with an ongoing legal challenge involving Man City also contributing towards the delay.

What could it mean for Newcastle?

In an ideal world, we’d see the Premier League bring an end to financial rules that limit our spending under multi-billionaire owners PIF.

That is the dream for many, enabling us to spend big, just as Man City and Chelsea did after the arrival of mega-rich owners.

Those days may be over, for now at least, but the timing of news that PSR is here to stay for another season isn’t the worst news from a Newcastle United perspective at this point in time.

Newcastle announced losses of £70m+ in 2022/23, which will ‘disappear’ going into next season (from a PSR perspective) based on the three-year rolling system.

Combine this with the fact we made a profit in 2023/24 and will likely announce relatively small losses this year following two careful transfer windows, Newcastle are expected to be in a strong position come the summer.

We can’t see the club’s balance sheets and don’t claim to be PSR experts, but there should be plenty of wiggle room – or ‘headroom’ as it is often described – to stay under the £105m limit (for losses) ahead of the 2025/26 season, with the sales of Miguel Almiron (£10m) and Lloyd Kelly (£20m loan-to-buy) only boosting our standing heading into the summer.

Hopefully positive changes come soon and the constant talk of PSR-related restrictions don’t dominate transfer windows in the years ahead.