HomeExclusives Sun 28 April 2024 19:10, UK

New Premier League financial rules would unshackle Newcastle United and allow them to increase their spending "significantly".

That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the Tyneside club are currently "constrained" by the Profit and Sustainability Rules.

Top flight clubs are set to meet on Monday (29 April) and discuss a proposal for new "anchoring" financial regulations.

The new rules would create a hard spending cap for all Premier League clubs based on the lowest earnings in the division.

As revealed by Football Insider, Newcastle United are at the forefront of a rebel group looking to push the new changes into action.

Newcastle United budget will soar under new financial rules Should the new regulations be voted in, they are expected to come into action at the start of the 2025-26 season.

Maguire explained that the rule change would be "excellent" for Newcastle as the current regulations stop them from challenging the established elite.

"If anchoring rules are introduced to the Premier League, this will be excellent for a club such as Newcastle," Maguire told Football Insider's Sean Fisher.

"They are very much constrained by the existing PSR rules which are designed to favour the interests of larger clubs.

"However, it has to be kept in mind that Uefa are using a soft salary cap, so therefore any benefits given in terms of the domestic competition will be offset should Newcastle be playing in Europe."

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