Ewan Kingsbury

Fri 16 August 2024 7:00, UK

Everton’s former chief Keith Wyness has insisted Profit and Sustainability Rules (PSR) must be “re-thought completely” after the comments of Newcastle United boss Eddie Howe.

Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed the promotion of selling young talent “is a shame, and it’s wrong”.

Speaking to Sky Sports (9 August), Newcastle boss Howe claimed the club were dealt a big blow after being forced to sell young talent against their will to keep their top stars at St James’ Park.

He insisted PSR rules are the “biggest obstacle” preventing the Magpies from progressing in the Premier League.

Elliot Anderson and Yankuba Minteh were sold before the 30 June deadline for accounts to be submitted for the 2023-24 campaign.

Those deals follow a trend in the English top-flight this summer which has seen a greater number of young stars sold by their boyhood clubs.

PSR must be ‘re-thought completely’ after Newcastle blow, says Wyness

Wyness told Football Insider‘s Insider Track podcast: “I think there’s a genuine concern.

“I have a lot of sympathy for what Eddie Howe is trying to articulate.

“This is an unintended consequence of PSR. Seeing youth players used as pawns in the financial game is wrong.

“These are players coming all the way through the academy, and then the need comes to balance the books and they have to be sold rather than blooded into the first-team.

“It’s a shame, and it’s wrong.

“I think PSR needs to be re-thought completely. There are fundamental issues which are completely wrong with it.

“There has to be better ways to deal with excess spending.”

In other news, Newcastle fans fume at confirmed Marc Guehi news via Sky.

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