Ultimately, it was decided that PSR would continue in its current guise next season with no changes, not even to the archaic three-year loss limit which still remains at a paltry £105 million.

That means Newcastle will still be restricted by the same rules that have throttled their ability to compete in the transfer market since the 2021 takeover, which was backed by the Saudi Arabian PIF.

Not only have clubs opted to keep with PSR at detriment to themselves, but they also keep siding with the Premier League on Associated Party Transaction rules which are being contested in court by Manchester City.

Those rules were a direct response to Newcastle’s takeover, and nobody has shied away from that fact.

West Ham spokesman names Newcastle United as reason for PSR remaining

After yesterday’s non-event, a spokesman for West Ham United’s owners told Hammers.News flat-out admitted that they are keeping PSR as a way of stifling Newcastle.

“Yes, it has to be club generated income.

“It is to stop clubs like Newcastle getting huge cash injections from the Kingdom of Saudi etc.

What are the other clubs afraid of?

So the veil has thoroughly been dropped, and now the owners are just starting to admit that it’s all to stop Newcastle from doing what Chelsea and Manchester City have done before them.

While we can understand it from their point of view, it still strikes us as locking the stable door after the horse has bolted.

Chelsea and Man City have already got themselves into an unassailable position, and this is just keeping them, and the four other clubs with huge revenues, at the top of the pile.

Why wouldn’t the ‘Other 14’ want to see someone break up that stronghold? What/who are they afraid of? It’s pathetic.