Richard Masters has claimed there is ‘no civil war’ after clubs delayed a ‘big decision’ on the Premier League’s financial rules.
Newcastle United and the rest of the Premier League look set to stick with the current PSR regulations for another season after top-flight executives decided against voting on new financial regulations at a stakeholders’ meeting last month. Clubs will continue to trial squad cost rules and top-to-bottom anchoring in shadow, but they will still be limited to losses of £105m over a rolling three-year period.
The Premier League had originally looked at aligning with UEFA’s squad cost model sooner, but this has been a particularly fraught few months for the top-flight. Before you even get into the subject of the 115 charges, Manchester City have launched a fresh legal challenge against the Premier League’s amended associated party transactions (APT) rules, which the champions, Newcastle, Nottingham Forest and Aston Villa all stood against. However, Masters has maintained that top-flight clubs are not fighting amongst themselves.
“There’s no civil war,” the Premier League’s chief executive told the Financial Times’ business of football summit. “That would not be the way that I’d put it.
“Alignment has always been difficult. Alignment amongst Premier League clubs has never been easy. Maybe it’s a little bit more difficult at the moment, but it’s a big decision.
“The PSR system has been in place since 2013/14 and to change to a new system, particularly with what’s at stake, is a big decision. If clubs need more time to do it, that’s OK. We will carry on that path.”
Masters was speaking in public for the first time since a tribunal panel found that the sponsorship rules introduced in the aftermath of Newcastle’s takeover were ‘void and unenforceable’. These APT rules have since been updated, following a vote last November, which was the trigger for Manchester City’s latest legal challenge.
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