Aston Villa's £143m Bank of England FFP revelation that will frustrate Newcastle diehards

The Premier League should allow losses of £143m but the top-flight have 'decided' not to follow the Bank of England's guidance on inflation.

That is according to Chris Heck, Aston Villa's president of business operations, after his side failed in their bid to amend the Premier League's profit and sustainability rules at an annual general meeting last week. Top-flight clubs did agree to trial squad cost rules and top to bottom anchoring regulations in shadow, but they will have to continue to limit losses to £105m over a three-year period.

That figure was set more than a decade ago and has not risen in line with inflation, which has hit upwardly mobile clubs like Newcastle United and Villa, in particular, who were taken over by wealthy owners after the rules were first introduced. Although these sides have managed to upset the established order on the field - Villa qualified for the Champions League last season while Newcastle finished in the top four in 2022-23 - they face a huge challenge to keep pace given the huge revenues Manchester City, Manchester United, Liverpool et al generate.

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"We just came back from the league meetings," Heck told the Daily Telegraph. "We know what we are up against and we almost feel that we have to do this on our own.

"Because these rules are not set up to reward an ambitious club. Or a challenger. It didn’t go through. I don’t want to keep worrying about it.

“When something doesn’t evolve in 11 years and with the cost of living alone, you scratch your head. If the Bank of England says inflation of £105 million through an 11-year period [then £105 million] is now at £143 million, you would think we would follow that same logic, but the league has decided not to."

Aston Villa owner Nassef Sawiris is considering legal action and the billionaire said the 'anti-competitive' rules, in their current guise, are 'not good for football'.