Premier League Museum Admin 
Richard Masters Premier League
Simon Jordan shared his thoughts on the impact of PSR rules, particularly concerning clubs like Newcastle United, which face challenges in breaking into the established order. He reflected on the limitations these rules impose on clubs attempting to compete at higher levels. Jordan emphasized the importance of success on the field for growth.
Simon Jordan said “The only way they can grow is by winning on the field. The only way they can really win on the field anytime soon is by buying better players. And they can only acquire them by spending money, which isn’t allowed under current rules.”
Jordan expressed his initial support for Profit and Sustainability rules, recognizing their potential to control costs and reduce wage hyperinflation. However, he criticized these rules for ultimately creating barriers for new challengers and favoring elite clubs. He highlighted the irony of excluding new investors, even those with substantial resources, like sovereign wealth funds.
Simon Jordan said “While I was an advocate for Profit and Sustainability rules, foolishly believing it was a mechanism to control cost, reduce hyperinflation in wages and transfer fees and make the industry more sustainable, what it is actually is an unsophisticated blunt instrument that does nothing but pull the drawbridge up for the elite and effectively says ‘no, thank you’ to any new real challengers. The irony of PSR is that – like it or not, and I have my reservation – what is more sustainable than a nation state sovereign wealth fund of £800billion bankrolling an English football club and also paying hundreds of millions into the sport and the British Exchequer?”
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