Newcastle United stance on spending rules clear as £466million transfer curveball emerges

Newcastle United chiefs just want a fair shot at glory in English football - hence their decision to vote in a spending cap during a Premier League summit meeting.

United welcomed a change in the current PSR rule book that prevented them from spending money on January improvements in the winter window in fear of being docked points like Nottingham Forest and Everton. It's understood that once the new rules are given the green light, Newcastle and their rivals could have a spending limit of for transfers, agent fees and wages of £466million per season starting in the summer of 2025.

The rules from a distance look like a major benefit but there will be something of a snag because the change will also run alongside UEFA's own profit and sustainability rules meaning if Newcastle are in Europe, they could only spend 80% of their revenue if they were in European competition.

It's worth remembering that the new rules would not come in next season, it will be the 2025/26 campaign. So Newcastle have already been prepared for another summer of cutting their cloth accordingly.

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Unsurprisingly, Man City and Man United didn't want a spending cap as it will essentially limit their transfer ambitions while Aston Villa also went down that road and Chelsea abstained. Before the major executives at Newcastle come out and reflect on the meeting, it feels like they simply wanted a much more level playing field.

Ridiculously, one of the big take aways from the new rules changes appears to be that a team could arguably benefit from not qualifying for Europe in terms of spending. Without the glare of UEFA above them they would be able spend more freely and get stuck into the spending cap of a potential £466m.

But one thing remains clear and that is that the traditional top four or top six remain threatened by Newcastle's clout. United's step back from the top four might have calmed the nerves of some of the big boys, but with the meticulous Eddie Howe in place and a manager who is capable of getting his head around the rules and translating them into football logic, next season's challenge could be different.

Having an eye for the less expensive deals and players with massive potential is going to be key for Newcastle, so expect more signings such as Tino Livramento and Lewis Hall. The new rules could lend themselves closer to some of the ideas United have compared to the tight margins for error currently in place with clubs only allowed to lose £105m over a three year period.

Football finance expert Adam Davis told BBC: "The spend cap will be a hard multiple, and the rumoured amount is five times that amount, which would basically mean a spend cap of approximately £500m.

"From a good perspective, that will open up the likes of Aston Villa and Newcastle to spend more than what they currently have because under the current regulations it is tied to their own revenues."

As the dust settles from the big meeting the capital, it feels like there are still a lot of moving parts to spending power in football as we move forward. As the big clubs continue thinly veiled threats about moving towards a European Super League, it remains to be seen if UEFA alter their current stance too.